Capital Gains on Land

Hello My family own some land which we keep livestock on. As I have invested money and time into the land my parents are now looking to add me onto the land’s title as a tenant in common. Would capital gains tax be due on this transaction. Thank you.

Hi,
HMRC cannot comment on any situation until after the fact as we might not be in possession of all of the relevant information. However, we can advise sign post to helpful parts of the Capital Gains Manual as follows;
CG11700P - Introduction and computation: chargeable assets: introduction: contents
CG70200P - Capital Gains Manual: Land: Land: Introduction to CGT and land: contents
CG70500P - Capital Gains Manual: Land: Land: Tenants in common and joint tenants: contents &
CG73000 - Land: exchange of joint interests.
Thank you.