Skip to main content

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

Posted Sat, 29 Jun 2024 08:11:22 GMT by Bryan Watson
Hi We have recently sold a house that myself, my wife and my mother in law jointly bought a property in 1983.She gifted her share to my wife in 1989 and continued to live in it until she died in 1996 after which it was rented until 2023. Is my tax liability based upon the value of the house in 1996 or when it was purchased in 1983? thank you.
Posted Tue, 02 Jul 2024 15:48:28 GMT by HMRC Admin 10 Response
Hi
It is based on the purchase price in 1983.

You must be signed in to post in this forum.