Upon what date does CGT become due (and be calculated) on a gifted property?

Hi. Could someone please confirm my understanding regarding on what date a gift of a property incurs a CGT (where one is due)? My understanding is that the relevant date for any CGT charge due (known as the ‘date of exchange’ I believe) is when the property is actually accepted as having been gifted by the two parties involved (lets say as a document of gift between them) rather than the date that HMLR actually processes the necessary paperwork and amends the record of proprietorship in the Register at some later date. Is that correct and is there a lime limit after the ‘date of exchange’ by which HMLR must have amended ownership or is that not even required? Many thanks. Rob

Hi ,
 

The completion date is when the property transfers to the other person.  Any gain, should then be reported and paid within 60 days of the completion date. Thank you .