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Capital gains tax.
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greenhoppo1066
Posts: 5 Forumite
Hi. I’m after some advice, I have a house which I lived in for nearly 4 years, I then moved in with my partner in his house and rent out my house.
I know if I sell my house in the future I will have to pay capital gains tax on money I make when it was rented out but I have decided to leave the house to my daughters in my will so I want to find out if they would have to pay CGT when they sell the house and if so what percentage they would be charge on any money made,
also as they would be the new owners of the house would they have to pay CGT on all the house.
also as they would be the new owners of the house would they have to pay CGT on all the house.
Thank you.
0
Comments
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They'd only be liable for CGT on any increase in value between the date of your death and eventual disposal, assuming they don't move into it.0
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Don't forget that your daughters will likely have to pay Inheritance Tax depending on the value of your estate0
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