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Capital Gains Tax advice (Scotland)

Answer
VISCOUNTBISCUIT
Posted Wed, 04 Sep 2024 11:42:18 GMT by VISCOUNTBISCUIT
Hello It's to get some advice please, I'm trying to do a CGT calculation for my dad. Due to my parent's health, the council gave them a bungalow. My mum passed away in September 2023. Due to different matters (post-mortem delays/results, retrieving the will) my dad didn't sell the house until Feb '24. My mum and dad were joint owners of the house which sold for £82'000. I understand my dad will have to pay Capital Gains Tax. Is there guidance I could use to calculate what would be owed? I understand there is a calculator. Are there different rules for Scotland or is all the same for the United Kingdom? Does my mum's passing have any effect on what's owed? Any help or advice would be greatly appreciated. Thank you
Answer
HMRC Admin 20 Response
Posted Thu, 12 Sep 2024 09:16:04 GMT by HMRC Admin 20 Response
Hi,
There is a calculator tool within the guidance at Report and pay your Capital Gains Tax, the rate of capital gains tax rates are the same for the whole UK.
Thank you.

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