When properties are disposed by landlords, Capital Gains Tax (CGT) will normally be a consideration. By disposed, this is often by sale, but an outright gift can also trigger a disposal for CGT.
The only exception to this is, death which is not considered a disposal for CGT (although you could well have other considerations with inheritance tax instead). Transfers between spouses or civil partners are on a no gain/no loss basis which also means no CGT.
Here we look at the latest changes and the reporting requirements….