amanda cooper
Joined: 10/31/2024
-
CGT on Inherited 2nd property from Spouse
Husband passed away in September and we were/are selling our 2nd property ( never lived in it ourselves). It was purchased 10 years ago in joint names. Obviously I inherit it CGT free but how is the rate calculated when the sale goes through. Do I pay 24% on the whole amount the property increased by? Or 50% of the amount the property increased by?