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Where Taxpayers and Advisers Meet


Posts: 12
Joined: Wed Aug 12, 2015 11:36 am


Postby temple » Sat Jan 05, 2019 6:13 pm

My wife owns outright two buy to let flats and would like to gift one to me. I appreciate that should she gift it to a third party she would be liable for CGT on the gain. But does this also apply to a gift to a spouse
If in fact no IHT is due from my wife as a gift to her spouse, at what value would I be deemed to have received the flat should I eventually decide to sell it.

Posts: 3133
Joined: Sat Feb 01, 2014 3:26 pm


Postby bd6759 » Sat Jan 05, 2019 11:45 pm

Transfers between husbands and wives are deemed to take place at a cost that gives rise to neither a gain nor a loss. Normally this is the amount it was originally acquired for.

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