Selling two inherited properties

My siblings and I inherited two properties. One was my mum‘s main residence, the other is a flat that my brother lives in (rent-free). We intend to sell both properties. We understand that we have to pay CGT on the main property for any profit made between evaluation and actual sale. Is the same true for the flat or is CGT different in this case because it wasn’t a primary residence, for example CGT is due on the profit made since it has been bought by my mum in controst to when it was inherited by us? Thanks.

Hi,
CGT will be liable on both properties as they are not main residences for you and your siblings apart from the brother who lives in the flat. It is only him that can claim private residence relief.
Thank you

Hi ! Thank you for the reply but unfortunately it doesn’t answer my question. We know that CGT is due with both properties but the question is on what profit exactly? We know on the main property it‘s CGT on any difference (profit) between probate value and actual sale. But is this the same for all properties one inherits? If my mum had somd the second home, she would have needed to pay CGT on the difference between acquisition value and sales value. Is that the same for us after we inherit or do we pay CGT on ALL properties on difference between probate value and sales value? Thank you.

Hi,
Capital gains tax liability arises where the disposal value is greater than the acquisition costs.  
These values are bases on the individual and their share of the asset.  
If your mum owned a share of a property, her calculation would be based on her share of the property, not the full value of the property.
Thank you.