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(A) Parents are liable on the "gain" achieved between what they purchased the property for and the current market value of the property (assuming they never lived in the property and can't claim PPR relief) (B) Yes, parents are still liable to CGT if property gifted - again, current market value...

Hi Folks, Just wondering if Business relief is available to any extent in the following scenario: 2 sisters (A + B) jointly own a commercial premises. A operates a retail business from the premises, B is not involved in the retail business and does not charge any rent. They are considering...