Thanks hippy1975 for your reply.
Just to answer your queries - yes both are we'll over 18 and both living and working abroad. Yes the property is now mortgage free. Oops! I hadn't thought about the increase in value since we bought it. Bought for 100k in 1997! Is a transfer considered a disposal in these circumstances?
How can CGT arise for the person gifting the property, they haven't made any gain if they are giving it away?I think CGT still arises those for the person gifting it
How can CGT arise for the person gifting the property, they haven't made any gain if they are giving it away?
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