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Capital Gains Tax
tam72
Posts: 1 Newbie
in Cutting tax
My father in law bought a property a few years ago for £70,000 which his daughter has been living in. The property is now worth about £200,000. He wants to give this property to his daughter to try and save on Inheritance Tax but does this mean he will get knocked for capital gains tax instead. If so is there any other way about this for him to not get a big tax bill of some sort. Any advice will be gratefully received.
thanks
thanks
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