CGT on Property Transfer
CarlS
Registered Posts: 1 New contributor 🐸
Hi, hope someone can help.
I have a client who owns a number of properties and wishes to transfer some to his son either into joint names so that they will both be co-owners and some fully to his sons name.
I've been looking at Hold Over Relief but I'm unsure if this can be claimed. I have also looked at a simple trust but this seems to have a limit to the IHT nil rate band and above this amount would incurr a tax charge of 20%.
Any advise would be appreciated
Thanks
I have a client who owns a number of properties and wishes to transfer some to his son either into joint names so that they will both be co-owners and some fully to his sons name.
I've been looking at Hold Over Relief but I'm unsure if this can be claimed. I have also looked at a simple trust but this seems to have a limit to the IHT nil rate band and above this amount would incurr a tax charge of 20%.
Any advise would be appreciated
Thanks
0
Comments
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I would check this with a conveyancing solicitor to confirm all details.0
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