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HI Alan, Client is being gifted 50% of house from his sister. Sister will be liable to CGT on this transfer and client will be liable to CAT. Client has agreed to pay his sister's CGT in consideration for the gift. Can this payment be regarded as consideration for the gift and deducted from the value of the gift for CAT purposes? Can the CGT be offset against the CAT arising on the gift? Thanks John

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Asked on 5 October 2016 3:59 pm