Desmond00
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Gifting House to Child - CGT and Private Residence Relief?
Hi everyone. I'm the sole owner of my home and have one child (my son). I'd like to gift the house to my son. My son owns no property. I qualify for Private Residence Relief. There's no mortgage on the house. If I transfer the house to my son as a gift, I don't think I'm liable for CGT. Is that right? If so - do I need to do/send anything to HMRC? Side note: will there be SDLT? Thanks a lot :)