Can my children legitimately be the sole beneficiaries of payments made to extend the leasehold of a property for which I am the freeholder? In so doing, would this then mean I would not be liable for capital gains tax?

Arthur Weller replies:
Your children can certainly be the sole beneficiaries of these payments, but you will still be responsible to pay the tax. The reason is that it is you who is due this money, and so from the legal perspective, when the money comes in, it is you who receives it, and only afterwards does it go from you to your children.