Gifts and Transfers

When a relationship breaks down, dividing property and assets can have significant tax implications. The good news is that Capital Gains Tax (CGT) rules provide important relief for separating couples, allowing you to transfer assets between spouses or civil partners without i...

5 min read

When you give away assets like property, shares, or valuable possessions to family or friends, HMRC treats this as a 'disposal' for Capital Gains Tax purposes. Even though you receive no money, you're usually treated as if you sold the asset at its current market value, which...

5 min read

Gift Hold-Over Relief is a valuable Capital Gains Tax relief that lets you defer tax when giving away certain business assets or shares. Instead of paying Capital Gains Tax at the time of the gift, the tax liability passes to the person receiving the asset — they'll pay the ta...

4 min read

When you give away an asset, sell it to family, or dispose of it in certain other ways, HMRC often ignores the actual amount you received and calculates your Capital Gains Tax using the asset's market value instead. Understanding when and why this happens is essential to avoid...

5 min read

Donating assets like property, land or shares to charity can give you valuable tax relief, helping you avoid Capital Gains Tax entirely and potentially reducing your Income Tax bill too. This makes charitable donations of assets significantly more tax-efficient than simply sel...

5 min read