Also … if the property being gifted is the primary dwelling I believe it is CGT exempt but if they continue to derive the benefit I.e. by living there that can cause problems and you may need to...
Type: Posts; User: Montello
Also … if the property being gifted is the primary dwelling I believe it is CGT exempt but if they continue to derive the benefit I.e. by living there that can cause problems and you may need to...
Maybe claw back was the wrong expression, the point being that if you have deliberately given away asset then you may still be assessed as having them so your action achieves nothing and may actually...
You will need a solicitor and they can draw up a deed of gift. Any gifting will likely create CGT exposure and then you need the gifter to survive 7 years for IHT avoidance.
Also if this is to...