This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. To find out more about cookies on this website and how to delete cookies, see our Cookie Policy.

Tools which collect anonymous data to enable us to see how visitors use our site and how it performs. We use this to improve our products, services and user experience.


Tools that enable essential services and functionality, including identity verification, service continuity and site security.

Where Taxpayers and Advisers Meet

Gifting and CGT

Joined:Tue Oct 15, 2019 7:47 am
Gifting and CGT

Postby denaro » Tue May 07, 2024 9:22 am

I’m selling property to my daughter. However I’d like to gift a part of it to her. What amount can I gift without CGT kicking in

Joined:Sat Feb 01, 2014 3:26 pm

Re: Gifting and CGT

Postby bd6759 » Tue May 07, 2024 9:44 am

Capital gains tax is payable on gains that derive from a disposal.

You are disposing of a property to your daughter. The gain will be determined by taking the difference between its current market value and the amount you paid for it.

Gifting all or part of the value does not affect CGT.

Joined:Mon Mar 11, 2019 4:22 pm

Re: Gifting and CGT

Postby Jholm » Tue May 07, 2024 12:18 pm

You aren't gifting part as such, you are selling at undervalue.

For CGT purposes, it will be treated as if it were sold at full market value - see "connected persons" guidance

Return to “Capital Gains Tax, CGT”