CGT on property I gift to my daughters

We inherited a house from my husband’s uncle in 1987. It was in a poor state and only worth £10k. We have since spent nearly £100 k on it ( extension, running water roof repair etc.). We now want to pass it on to our daughter who will run it as a holiday let, It is worth about £300k now. Who pays capital gains tax and how much (should we decide to do this)?

Hi,
It is whoever inherited the property that will pay any Capital Gains Tax. The cost price will be the £10k and the disposal will be the 300k it is worth now. You can deduct the cost of capital improvements to reduce any gain.
Guidance is at:
CG15180 - Expenditure: enhancement expenditure
Thank you.