Gerard O'Neill
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RE: Gifting Property
Hi Gerard, There are no tax implications for your sister but you may be liable to tax if you are charging her rent. If you buy the property and gift it to her you may be liable to capital gains tax Thank you Not to sure how to reply, just wanted to say Thank You This would be a gift, with no strings attached I would buy it her name. You have to look after your sister after all ! -
RE: Gifting Property
If I were to buy a retirement home for my sister who lives and is a citizen of uk what would be the tax implications for her, she is on a uk pension. I live in Australia and am a uk citizen and an Australian citizen.