Lifetime gifting
Selling or gifting property during your lifetime can also have tax implications, such as the need to submit Capital Gains Tax (CGT) returns when disposing of residential property. CGT is a tax charged on the profit you make when you sell or gift an asset, including property, and it is important to understand how this applies to your situation. We can keep you compliant and ensure you don’t miss critical deadlines, such as submitting your CGT return within 60 days of completion.