Sign up to get our free landlord tax strategies

To receive our seven FREE landlord tax saving strategies just simply complete the form below and the first strategy will be emailed to you immediately.

Sign up to get our free landlord tax strategies

Thank You!

Seven FREE property tax busting strategies reveal the secrets of how to legitimately beat the taxman and boost your property profits!
View All Questions

‘Cost only’ sale - any tax implications?

Can I build a home and sell it to my son at cost only?

Arthur Weller replies: 
A transfer between 'connected persons' (and father and son are deemed connected persons) is treated, for capital gains tax (CGT) purposes, as a transfer at present market value. See This means ‘the price which that asset might reasonably be expected to fetch on a sale in the open market’. So as far as CGT is concerned, it won't help to sell it to your son at cost price only. But stamp duty land tax (SDLT) (usually) only looks at what is actually paid, so it will help for SDLT.

Property Tax Insider This sample question and answer is taken from Property Tax Insider, a monthly UK tax saving magazine for landlords and property investors.

The first issue is free so click here to try today!

Got a burning tax question?

Why not submit a tax question to our tax advisors

Ask a Question