josannecolston
Joined: 9/3/2024
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capital gains tax on gifted property
I purchased a house 45yrs ago for £25,000 and live in as main residence for 32yrs then moved to second home and let out first home to son .I wish to gift half of this property to my son will I have to pay CGT market value is £300,000 can I use the years I live in property to reduce CGT