Capital Gains Query

Hi
Sometime in the 1990's I bought a house as an investment property. I rented the property out and have made annual assessments on income from rent.
In 2008 i transferred the property into my fathers name. There was no money exchanged on this transaction.
i never thought about capital gains. Even though there was no exchange of money am i liable for capital gains?
Bought for 60,000 pounds (approx).
Transferred in 2007 - market value of approx 250,000.

Possibly - and as it was a gift, your father may have a CAT liability.

Given the likely amount of tax - and eventual interest penalties, it would be best to seek profressional advice ASAP.

perhaps, you could have a claim to be the beneficial owner - did you use a solicitor to transfer the property ?