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Capital Gains newbe help pls
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Molocash
Posts: 1 Newbie
in Cutting tax
I am sorry to ask as must have been asked before, just can't find it.
My father recently passed away and left a house behind. This was jointly owned by my parents although they were separated for many years prior to his death and my mother has her own separate house (mortgage free as was dad's house). The house has now gone into my mums sole name via probate (as both were on the deeds). She now wishes to sell the house but we really don't understand where she stands with the capital gains side of things. She was joint owner of the house anyway prior to his death how does this type of thing get dealt with in relation to CG?
Sorry so confused with everything and cannot find a simple explanation.
Thanks
My father recently passed away and left a house behind. This was jointly owned by my parents although they were separated for many years prior to his death and my mother has her own separate house (mortgage free as was dad's house). The house has now gone into my mums sole name via probate (as both were on the deeds). She now wishes to sell the house but we really don't understand where she stands with the capital gains side of things. She was joint owner of the house anyway prior to his death how does this type of thing get dealt with in relation to CG?
Sorry so confused with everything and cannot find a simple explanation.
Thanks
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