If I gifted a portion of my investment property to my spouse before selling, how does that affect the overall Capital Gains Tax calculation for our joint income?
Quick Answer
Gifting an investment property share to a spouse before sale allows utilisation of two CGT annual exempt amounts and potentially two basic ratebands, effectively reducing overall Capital Gains Tax.
About This Topic
Learn how gifting investment property to a spouse before sale can reduce UK Capital Gains Tax. Utilise two £3,000 exemptions from April 2024 and basic rate bands.
This question is part of our Tax & Accounting category, providing expert guidance on UK property investment.
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