Skip to main content

beta This is a new service – your feedback will help us to improve it.

CGT on property used as main residence for relative

Posted Tue, 16 Jan 2024 09:05:00 GMT by
About 10 years ago my husband bought a property for his mother to live in. He owns and maintains it and pays the buildings insurance. She pays the other bills but does not and has never paid rent. If he sells the property will he have to pay CGT?
HMRC Admin 25 Response
Posted Thu, 18 Jan 2024 06:41:33 GMT by HMRC Admin 25 Response
Hi PieClops,
Yes as this is a 2nd home that is not his main or only residence.
Thank you. 

 

You must be signed in to post in this forum.