Can you help with this conundrum??

Hi,
I will try to explain this situation as I see it.

An ex and myself bought a property in France (cost 120k)and put it 75% in my name and 25% in his on the understanding that on our demise it would be left entirely to my only child. He has three.

But this is impossible under french inheritancy laws which state property must be left to the owner/s child/children.

Negotiating with his children is not an option. One is in Australia and my ex and his kids are not talking because of nasty fights over previous wills. We still have a good relationship and he is close to my child and not on speaking terms with his own so this is what we both want.

*It was bought 2 years ago for 120k and now (it makes the maths easier!) worth approx 140k.
*If he transfered his 25% to my child as a gift I imagine a notary would take 2% of this because it is what is done when buying a property. (meant to take 1.something but if English it seems to be 2%) That would equal 7k on the 25%!
*Capital gains tax which must be paid if a property is sold within 10 years. I assume the profit on the 25% which equals 5k would be reduced by 1/5 since 1/5 of the 10 year period has passed which creates a lovely charge of 4k.
*Solicitors fees=1k?
*Translator=£500?

A grand total of 12.5k to transfer a quarter of a property with no cash between ourselves taking place!

Am I being pessimistic?
May I say in my defence that I am trying to learn french, am making an effort to gather information and am off to France soon where I will continue in this quest.

Do you think my guess at the cost is correct!! AAAgh...Help

I have decided to reply to myself:
Don't be silly, how could it cost that much!!!
If no cash is exchanged no notarys fees
And as for capital gains tax...only have to worry about that if amount is over 50k.
As long as you can say 'ca va' (how are you) no need for a translator.
In fact it will all be so simple that the solicitor will probably waver the fee and offer you a glass of champagne instead
Will cost nothing

In Uk tax law- you can gift £*7000* per annum (I think)so long as you live a further XX years after the gifting- it is then excempt from inheritance taxes.
Capital gains is only when an item is SOLD-so your child would/could be liable if & when she sold- the sum would be based on his/her profit from aqquistaion to disposal-
so if her value of share at todays rate is £25000, but her percentage share is valued at £50,000 when she sells-she would pay Capital gains on £25,000 profit.
Tax laws differ but are on the same basis.
So it would-depending on her age, be better to gift it to her, over the years. Or sell it to her when she is 18-but take no cash for it-just ask her to pay your partners capital gains tax.
Inheritance tax is possible payable on demise
Capital gains is payable on disposal- unless of course it becomes her main and prinicpal home?
Hope this helps some

Sell it to your child now for one euro on the condition that you have full use of it until the day you die.

That'll be 300 euros please

"Sell it to your child now for one euro on the condition that you have full use of it until the day you die."

Oh how I wish that answer could be true

Have been on the case about this all day.

If the property is worth 140k it will cost 26.6k to gift it to my daughter.

If loopholes (well, there are none). I shall rephrase. If we are a little bit 'loose with the exact truth', could possibly get away with 2,600 costs. If we don't all get arrested for fraud.

Just can't sleep!