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Posted Sun, 29 Dec 2024 22:18:27 GMT by Charis
I have been an expat for 20 years with no address in the UK. Last year my father died leaving his estate jointly to myself and my sibling who is executor. They wished to take on the property so the value of his home was established using Red Book and I agreed to let them buy me out. Its value did not go up during the year that passed while the finances were being sorted out. Now half of the value of the house has come to me. The property was never in my name, nor in my sibling's name until a month ago but I wonder if I am liable for CGT nonetheless?
Posted Wed, 15 Jan 2025 18:25:29 GMT by HMRC Admin 20 Response
Hi,
Yes if the value has increased from the date your father died to the date the property was sold.
Please refer to the calculator within Report and pay your Capital Gains Tax
Thank you.

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