One of our clients has transferred his and his wife’s share of property to his mother over the span of 3 years now. He and his wife each transferred 10%, 8% and 4% in year 1, 2 and ...Read more
One of our clients has transferred his and his wife’s share of property to his mother over the span of 3 years now.
He and his wife each transferred 10%, 8% and 4% in year 1, 2 and 3 respectively.
From CGT point of view each transfer was just below the annual exemption threshold each year.
From SDLT point of view each transfer was below the minimum consideration of £40K each year.
My question is will it attract any anti avoidance rule for both CGT and SDLT?
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