• Transfer Of Equity - How Often Can It Be Changed

    By Guest on 30th Jul 2019

    My husband and I are joint owners of a second property that our son lives in. Rent has never been paid on the property. My husband is a higher rate tax payer at the moment whilst he is still working. I have no paid employment. We would like to gift the property to our son but understand CGT will be payable on it. Is Transfer of equity an option? if my husband removes his name and adds our son then is CGT only payable by myself and our son if he decides to eventually sell the property or is the fact that my husband once partly owned it a reason for higher CGT to be due

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