My friend lived in a flat, and kept it, and rented it out when he went to live with his partner and has rented it out ever since (15 years). It has gone up in value by £150,000 and he now wants to give a half share to his partner, who he isn't married to. Would he have to pay capital gains tax even though no money has changed hands ?
30th Nov 2012 15:01
Does giving half of investment flat to partner give rise to CGT ?
Does giving half of investment flat to partner...