Dependant Relative rule for CGT does it apply?

HeartyMac

I purchased my fathers property in 1976 when he retired from work and he lived there until he died last year, I paid all the bills and mortgage for him. The house has remained empty since and now I am thinking of selling it. I know there will be CGT implications but I've been looking around web-sites etc and there's some mention of relief if a dependant relative lived in the property - however it seems that this rule has been "abolished", does anyone know if you can apply for the relief fopr the period the rule did exist?
Appreciate any help as this looks like a minefield of info...!

Debt_Free_Chick

Quite possibly ....

"In addition to the relief that may be due on disposal of your own residence, you may also be entitled to relief when you dispose of a residence which you have provided for a dependent relative. But you cannot get relief for:

• any residence acquired after 5 April 1988, or

• any residence acquired before that date unless the conditions for relief were met by that date.

The conditions for relief are:
• the dependent relative must occupy the dwelling-house rent free and without any other consideration

• only one dependant's dwelling-house can qualify at any one time

• a husband and wife or civil partners who are living together can claim relief for only one such dwelling-house between them

• the dwelling-house must be the sole residence of the dependent relative.

Who is a dependant relative?
Dependent relatives are:

• any relative of you or your spouse or civil partner who is incapacitated by old age or infirmity from maintaining himself or herself, or

• your own or your spouse's or civil partner's mother who, whether or not incapacitated, is either widowed, or living apart from her husband, or is a single woman in consequence of dissolution or annulment of marriage.

If you are in any doubt, ask us or your tax adviser."

The Inland Revenue has a Helpsheet for this