Muswell Blue
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CGT on property I gift to my daughters
We inherited a house from my husband’s uncle in 1987. It was in a poor state and only worth £10k. We have since spent nearly £100 k on it ( extension, running water roof repair etc.). We now want to pass it on to our daughter who will run it as a holiday let, It is worth about £300k now. Who pays capital gains tax and how much (should we decide to do this)?