Paula Brown
Joined: 6/7/2023
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RE: CGT on transfer of part equity of second home to child
I have a question re CGT my husband and his ex wife and son own a flat in 1/3 shares. Ex wife wants to transfer her 1/3 to son. Husbands share remains the same while sons share increases to 2/3. Husband is needing to sign the transfer of the 1/3 share from ex wife to son. She is liable for CGT on the disposal of the asset. Husband has no gain so no CGT payable. Is this correct?