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Where Taxpayers and Advisers Meet

Can you reverse a property gift if both agree

Umar
Posts:67
Joined:Wed Aug 06, 2008 3:36 pm
Can you reverse a property gift if both agree

Postby Umar » Thu Jul 06, 2017 9:44 pm

Hi

I hadn't realised that a gift of a property is treated as at market value, and therefore CGT is due.

Is it possible to reverse the transaction somehow, such that the CGT isn't due any more?

Thanks

pawncob
Posts:5099
Joined:Wed Aug 06, 2008 4:06 pm
Location:West Sussex

Re: Can you reverse a property gift if both agree

Postby pawncob » Fri Jul 07, 2017 12:03 pm

See reply.
With a pinch of salt take what I say, but don't exceed your RDA


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