if a house owned jointly by spouses is transferred gradually at the land registry over a number of years to their child , who has lived in it for a number of year without paying rent, to avoid CGT (as gains covered by annual allowance), is that acceptable with the taxman or will it fall foul of GAR (antiavoidance rule)? the house is being valued annually by estate agents. this scheme is being operated by solicitors. The market value could be less than 4x the annual exempt amount to ensure no declaration necessary. thanks.
22nd Jun 2021
house gifted over a number of years to avoid CGT - acceptable?
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