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My clients A and B are brothers who own an investment property which is standing at a gain and which they are considering whether to sell at some point in the next few years. They are both married.
I am wondering whether to mitigate the eventual liabilities they should transfer shares in the properties to their wives. I am trying to determine whether there might be a benefit in say Mr A transferring part of his share to Mrs B (or perhaps to both Mrs A and Mrs B) and vice versa by Mr B to the wives to spread the gain over a couple of years.
Do readers think this would work?
Query T17 119 – Bruvver.
Reply by Lacuna:
On the face of it the proposed changes to the capital gains tax regime will benefit A...
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