Capital Gains Tax

Wildhunny | 22:36 Mon 20th Mar 2006 | Business & Finance

2 Answers

Subscribe
Report ⚑

We are in the process of selling a flat which we have been renting out, for tax reasons we put the flat into my name.Is it correct that my husband can "give me" his capital gains tax allowance for the year to add to mine?

Name on signature

csa question

Answers

1 to 2 of 2

Best Answer

No best answer has yet been selected by Wildhunny. Once a best answer has been selected, it will be shown here.

For more on marking an answer as the "Best Answer", please visit our FAQ.

dzug

No.

However you can give him half the flat without paying CGT, which means that both sets of allowances can be used when it's subsequently sold.

Wildhunny

Question Author

Contracts have already been exchanged so it's too late to change it into joint names

1 to 2 of 2

Do you know the answer?