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Capital Gains Tax
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The aunt has died so her CGT situation is no longer relevant....silvercar said:Also the aunt could look at passing you fractional amounts each year to maximise CGT allowances. She has a £6,000 allowance this year and £3,000 from April 2024. If the property is worth £390k, your aunt’s share is £130k assuming a purchase price of £25k, buying and selling costs of say £5k takes you to £30k so £10k each. She has a gain of £120K, so could pass 5% of her share this month and 2.5% in April. That would mean your share increasing to 40.8% and the aunt reducing to 25.8%.0
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