Tomas

Hi - I have a similar situation to Phil’s, but it’s my parent living in the property and my name on the interest-only mortgage. I have never lived there or contributed in any way. If my parent sells the house in the future, I want to make sure she (or I) am not charged CGT due to my name being on the deed and mortgage. I will not gain anything from the sale of the house. If we sent in a declaration of trust dated today, would that cover the situation? Would me or my parent owe CGT (or any other tax) at the point of declaration of trust (e.g. would it be seen as a gift or disposal)? Or is this just formalizing that I have never had any beneficial interest?