Tag Archives: Stamp Duty

Tax Consequences on Gifted House

tax-on-gifted-house-in-a-gift-box

  If someone wants to gift a house to his children, he needs to consider the following tax consequences regarding the gifted house. Capital Gain Tax (CGT): There will be a Capital Gains Tax (CGT) and the proceeds will be deemed to be the market value of the property at the date of the gift. […]