Johnster
Joined: 12/2/2024
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RE: Capital Gain on Property post Death - is CGT payable if total still below threshold?
Hi Admin 19, thanks for the response. Can I not submit a CG34 to adjust the value and avoid CGT? -
Capital Gain on Property post Death - is CGT payable if total still below threshold?
Hello everyone I would appreciate input on the following issue. My father died and his net estate was £460k, below the £500k threshold (£325k + £125k) so no IHT. The property sold with a net gain of £20k. So total net estate value is still below £500k. Is CGT payable on the £20k ? Best wishes to all