Joint ownership into daughters sole name to escape CGT?Make Text Bigger
Myself, my wife and my daughter are all joint owners of a flat. I want to sell it and, if we can, avoid any CGT.
Here is what I’m thinking, please comment.
I want to make my daughter the single owner, pay off the BTL mortgage then my daughter will the sole resident of a non BTL property…. I hope!
If she then sells it, is there any tax liability on the profit for any of us? Does this, if acceptable, need to happen over a specific time frame?
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