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From: Funky Whuff
Dear all,
Just a question regarding transfer of property... if I was to buy a property with another person either as joint tenants or tenants in common (regardless of proportion of shares), if the first person wanted to give their proportion or transfer the entire property into my name, do they have to pay CGT on this? Is it classed as a sale?? I know stamp duty is payable, but what about CGT??
Thanks,
Liz
Dear all,
Just a question regarding transfer of property... if I was to buy a property with another person either as joint tenants or tenants in common (regardless of proportion of shares), if the first person wanted to give their proportion or transfer the entire property into my name, do they have to pay CGT on this? Is it classed as a sale?? I know stamp duty is payable, but what about CGT??
Thanks,
Liz
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