Nik29

Hi there, Me, my mother and another family member (not immediate) jointly own a buy-to-let property. There is no mortgage on this property. My mother and I want to gift this to the other family member. Would there be a CGT implication? Thanks

Hi, I currently jointly own a B2L property with my mother and another family member (who is not immediate). My mother and I want to transfer our equity to the other family member. I have found that my mother and I need to fill in an ID1 form and have this signed by a solicitor. Providing this is complete and submitted to land registry, what is the CGT implication (if any). Also how would I declare this on my self assessment? Thanks