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Posted Sun, 11 Feb 2024 10:15:49 GMT by
A friend owns a property jointly with her partner and wants to transfer her share to her partner and his mum with a consideration involved, She had lived in the property since it was purchased and it is her only home. In addition, the property has not been let out, nor used for a business and it was not purchased to make a gain. Will she have to pay capital gains tax?
Posted Wed, 14 Feb 2024 11:32:35 GMT by HMRC Admin 25
Hi Wai Chung,
As her only and main residence, no capital gains is due.
Thank you. 

 

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