Apart from a 3 bedroom flat together with my husband we own a studio flat that we would like to partially gift to our daughter. Although we own it 50/50 my husbands shares are " cheaper" for us taxwise as he has been living in the studio for 11 out of the 18 years since we bought it.
With our planned transfer operation could we specify that we wish to gift his entire share bulk and my 10%? Or do we have to say that we wish to gift 60% and then the CGT is from 30% of share each of us?
We bought 18 years ago for £ 66 000 and now the value is about 300 000! No mortgage on the property.
Please advise
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