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Posted Thu, 27 Apr 2023 14:03:38 GMT by
Hi, If I am a UK tax resident, non-domiciled, would I be required to pay taxes on my overseas property when transferring it as a gift to a family member who is closely related to me, and who does not live in the UK / not a UK tax resident? Thanks
Posted Thu, 04 May 2023 16:04:54 GMT by HMRC Admin 25
Hi evilspiderman666.

Yes, this would be seen as a sale of property for Capital Gains purposes.
 
Tax when you sell property

Thank you. 
 

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