I share ownership of a small rural property in Scotland with my sibling, who lives in and owns the main house on whose land the small property stands. Am I able to simply gift my half to them or are there tax implications? I am resident in France for tax purposes. 

Arthur Weller replies:  

If you gift your half of the property to your sibling, it is deemed to be transferred at today's market value. If this is higher than the value when you acquired your share, you will be subject to capital gains tax on the difference. You state that you are resident in France for tax purposes. Since you are non-UK resident, the capital gain will only be calculated on the increase in value from April 2015 until now for residential property, and from April 2019 until now for non-residential property.