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Where Taxpayers and Advisers Meet

CGT on inherited property that I intend to let

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maths
Posts:8507
Joined:Wed Aug 06, 2008 3:25 pm
Re: CGT on inherited property that I intend to let

Postby maths » Mon Jul 02, 2012 11:34 pm

1. Form 17 has no application where the legal interest in a property is in the name of one spouse only.

2. Why 99/1% and not 100/0%?
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Dave N
Posts:5
Joined:Sun Jul 01, 2012 9:28 am

Re: CGT on inherited property that I intend to let

Postby Dave N » Tue Jul 03, 2012 7:11 am

1. Form 17 has no application where the legal interest in a property is in the name of one spouse only.

2. Why 99/1% and not 100/0%?
Maths, what would be your advice on the matter ?
Thanks
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pqtaxation
Posts:353
Joined:Wed Aug 06, 2008 3:38 pm

Re: CGT on inherited property that I intend to let

Postby pqtaxation » Thu Jul 05, 2012 11:01 am

DaveN

My only point, to go back to mullet’s first post para 2, was simply that it may not be “wise” to gift to your wife the inherited flat if your only reason for wishing to do so is to have the rental income taxed to her, a basic rate taxpayer, rather than to you, a higher rate taxpayer.
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