Skip to main content

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

Posted Sat, 16 Nov 2024 11:39:04 GMT by springer
My parents purchased a house before 1988, my father took early retirement due to ill health around 1987 - 1988. They gifted the property to their children in the 1990's. My father died in 2013, but my mother has continued to live in the property as a widow, but has recently died. Are we now able to sell the property and claim DRR on CGT?
Posted Tue, 19 Nov 2024 16:33:48 GMT by HMRC Admin 10 Response
Hi
No as you did not 'acquire' the property prior to 1988 as it was only gifted to you in the 1990's.

You must be signed in to post in this forum.