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I bought a house in my name in 2009. When we bought our next house where we live today, I gifted my first house in wife's name through a deed in 2021. It has been currently let out. I want to check what happens if my wife sells the house. Would the capital gains tax be charged based on increase of value from 2021 to 2025 or from 2009 to 2025? Please suggest.
she will therefore pay CGT on the full gain since 2009 given she is the only owner of it at point of sale (do not try to remake you a co-owner before sale as that is a tax dodge HMRC are well aware of and have specific powers to "set aside" such a transaction ie ignore)
