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Posted Fri, 06 Sep 2024 11:26:38 GMT by S Sampat
Hello, What are the CGT implications of a residential property extended & converted and split into 2 houses on land owned by parents. The newly house with a separate door and address is gifted to the daughter. What are the CGT implications of this? and where I can find specific guidance re the CGT calculations? Many Thanks
Posted Fri, 13 Sep 2024 09:38:02 GMT by HMRC Admin 21 Response
Hi Sunil,
Please refer to guidance at: Capital Gains Tax: what you pay it on, rates and allowances.
Thank you.

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