Hi,
Hopefully a simple question.
I have owned a property for 20 years, approximately half of which it was rented out. As such, I have a CGT liability.
If, before disposal, I transfer half of the property to my wife, can we split the whole liability? Or would I still be responsible for the large majority and my wife just able to claim against a few days at the end when she was a joint owner?
Not sure if it makes a difference but I only married my wife 5 years ago so the vast majority of the duration of property ownership, we weren’t together.
Thanks in advance for any response
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