Trusselle
-
CGT Property transferred to spouse and back again
Hi. In 2017 I transferred sole ownership of our second property to my wife as she was a low rate tax payer for the rental income. We are now looking to sell the property and would like to transfer the property back into my sole name as I have carried forward cgt losses to offset against the gain.Both transactions for nil value. 1. Is this permitted 2. When filling in the cgt form, do I use the initial purchase price and costs when I first bought the property and expenses I incurred for new windows, bathroom etc?