Hi there, my parents have an old house which needs extensive renovation. I am a first time buyer. My parents are willing to gift this to me, however I would like to pay them something for it. We have agreed a sum which is less than 50% of the market value. My query is (A) are my parents liable for CGT for the purchase price or the current market value(which is significantly more) of the property? (B) if the property was gifted to me would my parents still be liable for CGT? Thanks for your help!