Hi, Hope some expert may be able to assist me. Advance thanks for your assistance. 1. I am a high rate tax payer. I have already used my CGT personal allowance on a property. So if I sell any more property I will pay 40% tax. To avoid this I am thinking to transfer my property (which is on my name only) to my wife's name so that I can use her CGT personal allowance. Market value of the property is £120,000 and I have £90,000 mortgage. I bought the property for £100,000. So far I have incurred £5,000 capital cost. I am thinking about paying off the mortgage and transfer the property to my wife's name and then sell it. Can I legally do this? When I gift my house to my wife there is no CGT (transfer between husband and wife). When she sell the property how much is her gain? Many thanks Mahen

Anyone can assist me here? Thx Rathan