joannadiana
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Gifting overseas property
Hi, I have owned an overseas property (EU) since 2005 and wanted to gift it to my sibling, who have lived in it for that time, it was my main residence for only about 1 year initially. 1. Do I have to pay CGT for such transfer? 2. If so, would I get the 1 Y main residence relief? Also, where can I find exchange rates for 2005? 3. If as an alternative I have sold the property and purchased another in same country with the proceeds would I still be liable for CGT? Would there be any relief for the fact that I re-invested all cash? Thank you.