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Tony - the property is worth roughly what I paid for it, therefore I don't think CGT should be any issue. I also note your IHT point. In reality, I am gifting him (informally) use of the property, which in turn, will be rented to generate an income to cover his university costs. However, I envisage this informal arrangement ending once he finishes university and gets a job. I am merely trying to minimise (legally) my own tax bill, whilst funding my son's university education. Colin
Tony - thanks, XXXXX XXXXX helpful / interesting; final question, would I need to formally transfer a share in the property to him or would a family discussion around him owning (say) 10% of the property suffice ?