transfer of rental property

[hotspur]

I have a rental property that i am looking to gift to my daughter who is a minor to realise a capital loss to offset against a gain. Does anyone know if this is possible and how you would go about achieving this? Would there also be stamp duty to be paid if I were to do this?

 

[dereko1969]

so she'd lose her first time buyer status and be subject to the NPPR?
not sure a minor can legally 'own' a property.

 

[Joe_90]

Sorry but Revenue don't allow you to do this. – Section 549 TCA 1997
If, for example, a parent crystallised a capital loss on the disposal of shares to a child, this capital loss is regarded as a connected party loss and can only be used against gains on other asset disposals to the same child.

[broken link removed]

 

[mercman]

Your daughter would be using part of her Inheritance Tax allowances.