Skip to main content

This is a new service – your feedback will help us to improve it.

Posted Tue, 22 Oct 2024 10:39:08 GMT by AJH2024 Hatcher
Hello I have been partially gifted a barn with planning permission on my parent's farm by my father, the landowner. The farm has been owned by my father for decades. I am paying some money for the barn and gifted the remainder of the value. Will the gift attract CGT & if so who will be responsible for paying it? Thank you
Posted Tue, 29 Oct 2024 10:55:09 GMT by HMRC Admin 18 Response
Hi,

Your parents will be liable to CGT s the gift is  seen as a disposal.

Thank you.

You must be signed in to post in this forum.