From: "Doug Ramage" 
Newsgroups: uk.finance
Subject: Re: CGT husband->wife->other
Date: Fri, 24 Dec 2004 12:09:35 -0000


"TonyJeffs"  wrote in message 
news:8ec4c623.0412240352.77fcab7@posting.google.com...
> Suppose I buy a property, and over 2 years it increases in value by 100k.
> Then I give half to my wife,
> Then she sells her half to a stranger,
> Who pays CGT on the profit, me or my wife?
>
> thanks
> Tony

Her share, her profit, her CGT bill.

But the gain would be calculated at your purchase price, not the market 
value at date of transfer to your wife.

But how would you like to own 50% of a property (and share 50% of any 
income) with a stranger who may be able to force a sale of the whole 
property?
-- 
Doug Ramage

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