Go To Mortgage 101

Return To Group Index

From: John Boyle 
Newsgroups: uk.finance
Subject: Re: Cash gift from abroad
Date: Sun, 20 Aug 2006 16:23:55 +0100

In message , Peter Saxton 
 writes
>>>Gifts are not subject to CGT.
>>
>>What if I give my house to someone (other than a relative) ?
>
>YOU may pay CGT on the disposal of the house.
>
>The actual gift would be subject to inheritance tax.
>
But if the gift is a chargeable lifetime transfer, not a potentially 
exempt transfer, then hold over relief may be available.
-- 
John Boyle