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Transfer to Partnership

Answer
Flora Corbett
Posted Wed, 11 Sep 2024 06:24:02 GMT by Flora Corbett
Will CGT be payable if you transfer a property held in your own name into a family partnership of which I am a partner?
Answer
HMRC Admin 25 Response
Posted Wed, 18 Sep 2024 13:04:07 GMT by HMRC Admin 25 Response
Hi Flora Corbett,
If it is not your main residence then yes:
Please see:
Capital Gains Tax: what you pay it on, rates and allowances
Thank you. 

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