Luis

Hi, I'm in a very similar scenario and confused as to why this is a sale. Also, the linked article states: "Capital Gains Tax is a tax on the profit when you sell (or ‘dispose of’) something (an ‘asset’) that’s increased in value." The property in this case may or may not have increased in market value, but it's the recipient of the gift (parent, non uk resident) who benefits from the asset, so why is the uk resident liable for CGT in the uk? Thanks!