user8493839
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Capital Gains Tax on property when I'm both Transferor and Transferee
My parents and I owned a residential property together. They have recently transferred their share of the property to me. According to the transfer documents (TR1 form) I appear not just as the Transferee but also as a Transferor. Does that mean I also have to report capital gains on the percentage of the property I'm transferring to myself, or given that I haven't stopped owning it that's not needed? Thanks.