Meredith

I am writing to seek clarification regarding the tax teatment for transfer of a property through a Deed of Gift or a Declaration of Trust. I would greatly appreciate your guidance on the matter. I am currently own the freehold of an unencumbered property in Wales registered with the Land Registry that is occupied by my daughter. I am planning to transfer the ownership of this property to my daughter through a Deed of Gift and pay any CGT due within 60 days. But I understand a Declaration of Trust is an alternative transfer path with different tax implications. Can you clarify the distinct tax treatment of such a property transfer by each instrument?