CAPITAL GAINS ON GIFTING FRENCH APARTMENT TO DAUGHTERS

My wife and I have gifted (French donation) our French apartment to our daughters. The advice on the HMRC CGT page on disposing states: You cannot deduct a loss from giving, selling or disposing of an asset to a family member unless you’re offsetting a gain from the same person. Does the above statement mean that you cannot deduct losses generated by giving the property to family members, say if it worth less than one paid, against other capital gains, like equity gains? With a capital gain on gifting can one still offset losses from selling UK equities against the CGT on the apartment?.

Hi,
That is correct.
As gifting it, you need to consider that is is being sold at market value and then deduct the actual cost of buying it to work out if any loss or gain is made.
Thank you.