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Advice on 'Gifted Deposit' please
ms_newbie
Posts: 75 Forumite
in Cutting tax
I have a BTL property worth approx £120k (although they do take a few months to sell). I need to raise some quick cash and decided I would sell for £100k. I have been asked by a potential buyer if I would consider an offer of £120k with a £20k gifted deposit. ie I get my £100k and they wont have to put down a deposit.
What I want to know is this - is there a way to structure this type of deal so that I am only liable for the CGT up to the £100k and not up to £120k. I am in Scotland.
Thanks for your advice.
What I want to know is this - is there a way to structure this type of deal so that I am only liable for the CGT up to the £100k and not up to £120k. I am in Scotland.
Thanks for your advice.
Working hard to reduce debts and get better value for money 
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