Mortgage paid off.

BarelySentientAI

Social media "hacks" to avoid tax are very often incorrect.

MWT

Ezii said:

As per the OP, I have a few follow-up questions. In the event of one of our deaths, would any of us be liable to pay CGT, or is CGT only applicable upon the sale of the property? Additionally, is there any way to mitigate or nullify the CGT, such as setting up a deed or locking a bond, as I've heard mentioned on social media? Any insights or guidance on this would be greatly appreciated.

In the event of a death, IHT comes first and CGT only plays a part if there is an increase in value of the property between the date of the death and the eventual sale/transfer of the share in the property, and that would be payable by the estate of the deceased.

As for avoiding CGT, there are often downsides as well, so I'd look to those proposing a 'cunning plan' to explain the full details.