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Gifting property
ps2659
Posts: 534 Forumite
Should we gift a property to my daughter? it is a commercial property and I think we would be liable for CGT however, more of a concern is should she ever get divorced would her husband have a claim and if so what can be done to prevent this property becoming part of any settlement.
Thanks
Thanks
0
Comments
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It would certainly effect any divorce settlement, but whether that would mean he got part of this gifted asset or it just reduced how much she got from him is impossible to say on such sketchy info.
Personally unless the marriage was looking a bit shaky I would just gift it unconditionally, if some years down the line your daughter and son in law make a mess of things then so be it.0 -
Should we gift a property to my daughter? it is a commercial property and I think we would be liable for CGT however, more of a concern is should she ever get divorced would her husband have a claim and if so what can be done to prevent this property becoming part of any settlement.
Thanks
Indeed, liable on the market value for CGT
And if it is hers, it forms part of the 'pot' should they divorce.0 -
Your daughter has married this guy. For better for worse...
They have formed a family.
If you don't believe in 'family' you should have persuaded her to remain single and treat him as a bit of fun on the side whilst getting on with her own, independant, life.0 -
Your daughter has married this guy. For better for worse...
They have formed a family.
If you don't believe in 'family' you should have persuaded her to remain single and treat him as a bit of fun on the side whilst getting on with her own, independant, life.
If you dont trust her choice in partner, then you dont trust her. If you dont trust her, dont gift her a property.
I understand parents wanting to protect investments, but spot on, they are now 1 unit.0
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