My dad currently has a property where there was an offer of $450k a year ago. House was purchased in Dec 2007, he lived in it for a 1-2 years back then and then rented it out up until 2018 and has since lived there for 1 year as his PPOR. What the CG tax implications if he were to transfer this/sell this to one of his children at market price? He currently has another property excluding this one and he doesn't want to look after the the mortgage or property anymore. Just trying to get some opinions and thoughts as opposed to tax advice (I have my accountant for that).