My father has a property in London, which he would like to jointly transfer into my name (50:50). What are the tax implications? 

Arthur Weller replies 

A transfer of a property from your father to you is deemed to take place at current market value for capital gains tax (CGT) purposes. So, if the property is worth more now than it was when he originally acquired it, he will have to pay CGT on 50% of the gain (see HMRC’s Capital Gains manual at CG14530). If there is no change in responsibility for the mortgage, or if there is no mortgage on the property and if you are not paying your father anything, there will be no stamp duty land tax (SDLT) on this transfer. However, if there is 'consideration' for this transfer, there could be SDLT to pay.