As per topic what are the key considerations here? My best mates wives uncle wants to give her and sister a home he owns (single, no kids, well off). The home has been an investment its entire time purchased for around 200k, now valued around 800k. What is the best and most cost effective way to transfer the title? Secondly to this though he said he would like to see it developed (don't ask me why). He cannot service the development so wants to transfer the existing property and then the two sisters fund the development. Not sure that makes any difference as I'm sure the CGT will still remain once the land is developed.