MKDolan

I wish to gift a half share of a BTL property jointly owned by my wife and I to our daughter. The property is valued at £1m with a £450,000 mortgage. Can you advise of the what capital gains tax and and stamp duty may be due and how to calculate it please. Thank u

I have received a notice to make a Self Assessment payment on account on 31 July for year 22/23. Due to significant repairs on my rental property I do not expect to make a profit and not to have to make a SA payment for 22/23. If I do not pay the requested payment on account on 31 July I will receive a late payment fine. Will this fine be cancelled when I submit my return in the Autumn showing no SA payment is due?