Ashdeep Sohal
Joined: 6/4/2024
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CGT payable on land gift?
My father is looking gift me some land that is part of his main property's residence. The size of the land is under 0.5 hectares, and the main property meets all the checklist points of the Private Residence Relief. Therefore, am I right to assume my father will not have to pay CGT on this land gift as it falls under PRR?