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Capital gains tax?
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joe457
Posts: 1 Newbie
in Cutting tax
If I inherit a home that I have always lived in with my parent (it's always been my one and only home for 48 years),if I later sell it would I have to pay capital gains tax?
0
Comments
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No, provided it remains your only or main home.1
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Even if you did not live there CGT would not be payable if you sold a house immediately after inheriting it.1
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