Property matter

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10 Points Posted on 26 January 2020
if a person is having 4 or 5 properties on his name and wants to distribute to his cousin brothers without consideration then can he do so ?
will there be any tax liability on any party ?
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On 26 January 2020 at 01:04 Report
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This discussion explores whether an individual can transfer multiple properties to their cousin brothers without receiving any payment. It clarifies that while transfers between close relatives are typically tax-free, cousin brothers are generally not considered 'relatives' under UK tax legislation. Therefore, such transfers may incur tax liability for the parties involved.

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17269 Points Posted on 26 January 2020
If all these persons fall in the category of relatives, then no tax pax payments by any person.
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On 26 January 2020 at 05:43
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Studwnt
1141 Points Posted on 26 January 2020
Cousin brother won't be your relative as per act therefore Tax applies
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On 26 January 2020 at 07:19

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