Does giving half of investment flat to partner give rise to CGT ?

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 ?

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Bargain not at arm's length

billgilcom |
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Thanks

kenny achampong |
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Say this to him quietly

Phil Rees |
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@Phil Rees

henry williamson |

the price of love

billgilcom |
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marriage

kenny achampong |
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