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  • Tax

    Transfer of Property - AP1, TR1 and ID1

    Hi,

    I would like to gift my property to a sibling. I know I will be paying some CGT as I’ve had it rented out for 5 years of the 10 year ownership. I’m a little confused with the ID1 form, do I also need to complete this form? I know my sibling needs to complete an ID1 to confirm identity but do I need to since the property is already in my name. There is no finance on the property and I’ve been informed that I only need to complete forms AP1 and TR1, and my sibling to complete form ID1.

    Many Thanks.

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