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Where Taxpayers and Advisers Meet

Adding daughter to my property

Lexie
Posts:2
Joined:Fri Aug 04, 2017 10:44 am
Adding daughter to my property

Postby Lexie » Fri Aug 04, 2017 10:47 am

Will I have to pay tax, if I add my daughter to my property. It is currently in my name only and she lives with me?

maths
Posts:8507
Joined:Wed Aug 06, 2008 3:25 pm

Re: Adding daughter to my property

Postby maths » Tue Sep 05, 2017 7:48 pm

If you mean you wish to transfer part of your beneficial interest to daughter then no CGT charge arises assuming you have lived in it since purchase. Otherwise a CGT charge may arise.

IHT may be in point.

How old is daughter and what is the property worth?


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