Smart Moves: How to Sidestep Capital Gains Tax on Property Gifts
June 8, 2023 ⚊ 1 Min read ⚊ Views 52 ⚊ BLOG
Gifting property can be a generous and thoughtful gesture, but it can also come with significant tax implications. Capital gains tax (CGT) is a concern for many individuals considering gifting property, as it can erode a substantial portion of the gift’s value. However, with careful planning and knowledge of the tax laws, it is possible to minimize or even eliminate capital gains tax on property gifts. In this blog post, we will explore smart moves that can help you sidestep capital gains tax and make the most of your property gifts.
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