VISCOUNTBISCUIT
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Capital Gains Tax advice (Scotland)
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