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capital gains tax on inherited property
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wheeler1970
Posts: 21 Forumite
hi after a bit of help regarding capital gains tax,back in 2017 me and my brother inherited my late mothers house, after she passed i alone moved in to the house we did probate which was under the 325k inheritance tax.my brother passed away 18mths ago so i now have the house in my name,i still live there and it has never been rented out, but i am thinking of selling the house to down size but not sure if i will have to pay capital gains tax. ive done a bit of research but its beyond me.
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Comments
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As this this is your home and has been since you inherited it from your mother and brother it is exempt from CGT.1
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thankyou so much. i wasn't 100% cheers.Keep_pedalling said:As this this is your home and has been since you inherited it from your mother and brother it is exempt from CGT.0
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