Capital gains on gifted property

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How To Calculate Capital Gains On Gifted Property? - ssl.loanshop.info
The gift of house is not taxed; only when you monetise the house you have to pay LTCG (long term capital gains) tax from the date of acquisition. Generally, the appreciation is taxable as a capital gain. This means that 50% of the appreciation is added to the tax return of the giver, in addition to their. If you gift someone a property, you will usually have to pay Capital Gains Tax (CGT) if it increased in value since you bought it.