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CGT on transer of equity

Harbs
Posted Sun, 22 Oct 2023 07:27:25 GMT by Harbs
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HMRC Admin 17 Response
Posted Tue, 24 Oct 2023 13:55:16 GMT by HMRC Admin 17 Response


Hi,
 
Yes. 

While there is no capital gains liability arising from the transfer of assets between husband and wife or civil partners,
the transfer of assets to your childer will be subject to capital gains tax. 

Private residence relief may cover all or part of the gains from your main resisence, none would be available for the rental property.

Thank you. 

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