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Posted Tue, 07 Jan 2025 13:14:12 GMT by rmc22
A husband & wife hold a house in equal shares as tenants in common. The husband dies, leaving his half to his adult children (of a former marriage) but granting a 'right to remain' in the house to his surviving wife. She dies 5 years later, allowing the house to be sold and his share to be distributed according to his will; likewise her half share by her will. The house has risen in value over the 5 years since the husband's death. When the executors/trustees sell the house, is there any CGT to settle before distribution, or is it exempt?
Posted Wed, 22 Jan 2025 10:08:32 GMT by HMRC Admin 25 Response
Hi rmc22,
There will be Capital Gains Tax to pay as the value has increased since the father died.
Please see:
Report and pay your Capital Gains Tax
Thank you. 

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