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CGT on a jointly inherited property
Comments
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John_Pierpoint wrote: »
You can nominate which property you want to be your principle private residence and if your job forces you to live somewhere else (for example of you have to live in tied accommodation, it is allowable to have a rented out retirement home somewhere nice, that still counts as CGT free.)
Hmm, are you saying this would apply to us? We chose to live and apply for jobs in Manchester, it's not like we got transferred up here.0 -
Hmm, are you saying this would apply to us? We chose to live and apply for jobs in Manchester, it's not like we got transferred up here.
If John does not mind I will answer for him. It definitely does not apply to you from your answer. Similarly, your response to xylophone would confirm that you r brother-in-law has no tax to pay as the property was his main residence throughout ownership. Probably safe to say that my original answer, ignoring the 'rent' scenario, still applies.0
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