Property Gifting to kids – Coveyancing, CGT, IHT, PET etcMake Text Bigger
I have a buy to let property which I converted into two flats some years ago. I now want to gift one of the flats to my son and for him to buy the other so as I can use the money received to gift to my daughter.
Is it possible to complete this transaction without me ending up,with a CGT bill and if there is one how much will it be.
I originally bought the property for 150k as one unit, each flat is now worth 200k, will my kids be liable for any tax assuming this transaction goes through.
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.