Is it possible to gift my brother my property in Manchester completely? Will there be any tax implications? 

Arthur Weller replies  

You can certainly gift your brother your property completely. Since it is a gift, which by definition means for no payment, your brother will not have to pay any stamp duty land tax. The real issue is that unless this property is your main residence that you have lived in throughout the period of your ownership, then most probably you will have to pay capital gains tax on this gift, based on how much you paid for it originally and its market value today. See HMRC’s Capital Gains Manual at CG14530. For inheritance tax (IHT) purposes, if you survive for seven years after the date of the gift, it will not be included in your estate, but if you do not live for seven years after the date of the gift it will be included in your estate under the IHT rules.