Tax Expert
Region: GB
Friday 05 June 2026 14:25:41 GMT
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Chris Mcferran :
Passes to son he gets divorced looses 50%
2026-09-12 05:25:44
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chelle29 :
would love some advice from you 🙏🏼
2026-08-18 01:29:03
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Howard :
Do you not have to do that 7 years before death?
2026-08-13 07:43:27
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doge5314 :
It effects a tiny % of the population
2026-07-11 19:19:28
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??? :
how it you buy property 200k and it goes up to 1million???? that be 2 bedroom house,million pound???
2026-09-20 18:06:34
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Tomo :
Won’t the wife have to pay market going rent on the property to which the children then have to pay income tax on?
2026-08-10 15:05:09
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Bez™ :
But if the kids already own the home they live in they now own two houses, and stamp duty shoots up.
2026-08-07 08:19:55
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Mac :
how do you gift it ?
2026-09-07 17:27:45
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user6879754175521 :
Is that not a gift with or without reservation?
2026-06-25 21:37:21
1
saj24han :
once gifted, im presuming that the spouse has to live 7 years?
2026-06-10 08:23:06
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benji_2976 :
it very clear.. i assume this relates to a second property not the main home?
2026-07-04 15:39:47
1
B :
but if house is valued at 1.5 million then does the wife need to stay alive for 7 years to avoid paying anything on the extra 500k?
2026-07-15 19:33:47
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Karnage :
If she gifts the property, they pay no tax at all, right? It’s not even inherited. Provided she lives seven years from that point?
2026-08-05 07:25:02
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Ste :
what about the 7 year rule on gifting
2026-08-05 00:30:25
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Jerry Giles :
The 800k is the gain not the CGT.
2026-07-16 16:51:49
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MIKE :
But she can’t continue to live there or it’s classed as gift with reservation and the full amount is still due…. I think
2026-06-20 16:41:00
2
Hi :
There is more to this to be considered, is it the matrimonial home? If so, a GROB is the wife still lives in it unless she pays the kids market rent. 7 year rules around gifting still applies. If kids divorce or made bankrupt, that property wife still lives in could be used to satisfy the divorce or bankruptcy and is a security risk to the wife in that respect.
2026-06-30 16:33:07
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User 501 :
U have to pay CGT
2026-06-25 07:26:11
1
user8255762605766 :
I thought transfer between spouses is tax free, therefore no cgt?
2026-06-06 11:21:22
1
lyd :
Yes but the children are inheriting even more of a tax liability
2026-07-20 23:23:21
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nicholas teague :
don't have kids is the easiest way round iht
2026-07-25 17:58:11
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kevmar72 :
IHT or CGT? Make your mind up!
2026-06-15 18:42:19
1
mraverageuk33 :
Hold on, I thought you could leave £1m between you without IHT
2026-06-30 16:39:40
1
kostas :
Yes but if the wife dies within 7 years of gifting the property,the tax will have to be paid.
2026-07-19 13:15:29
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