wilmotx4 Wilmot

There is no information on the HMRC Report and pay your Capital gains Tax page regarding our situation where the house was gifted to us by our mother some 4 years ago. We understand the required payment on her third of ownership in her estate, but what are our liabilities on CG and inheritance?

On my father’s death in 2019, my mother put my brother and myself into joint ownership of their property. My mother has now passed and my brother and I are planning to sell the property. What are our CG responsibilities? Do we pay our share on the whole value of the property or just the gain between the purchase and sale?