OLDTAXDOG WARD
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RE: Gifting Property to Spouse - How to let HMRC know and forms to use?
Good morning, I am considering the same as Mark LODGE in the first question, donating my half of a jointly held House to my wife, and she to me on our other house. Admin 5 says you do not have to inform HMRC but Admin 25 says you do. What is the correct answer, please? Thank you. -
RE: CAPITAL GAINS ON GIFTING FRENCH APARTMENT TO DAUGHTERS
Thank you. Can you confirm that we can deduct losses from selling UK equities against the CGT on the apartment? Also as the gift was in September 2024 and is not a UK property it appears that we show it on our 2024/25 tax returns. Thankyou. -
CAPITAL GAINS ON GIFTING FRENCH APARTMENT TO DAUGHTERS
My wife and I have gifted (French donation) our French apartment to our daughters. The advice on the HMRC CGT page on disposing states: You cannot deduct a loss from giving, selling or disposing of an asset to a family member unless you’re offsetting a gain from the same person. Does the above statement mean that you cannot deduct losses generated by giving the property to family members, say if it worth less than one paid, against other capital gains, like equity gains? With a capital gain on gifting can one still offset losses from selling UK equities against the CGT on the apartment?.