ConfusedRTW
Joined: 8/8/2024
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CGT on inheritance:purchase 50:50
Hi I inherited 50% of a flat in 2003 with my brother and it became my main residence in 2004. Inheritance tax paid in full at the time and no outstanding mortgage. In 2006 I bought my brother's half of the flat and owned outright (with a mortgage). In 2014 I bought a house which became my main residence, and I rented the flat (and have done for the last 10 years). I may look to sell in the next 2-3 years. Can anyone help me understand the approximate CGT liability?