James Street
Joined: 8/28/2024
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Selling Main property to move into inherited property
I've lived in my residence since 1988 and inherited my late mother's house in 2019. The house, at the time I inherited it, was rented out and since then has been undergoing significant renovation. I am now in a position to move into this house, if I were to sell my current house which has been primary residence since 1988 - Would I be liable to pay CGT on the gain in property value? If yes, would this gain be from 1988 or since 2019 when I inherited the property. Many thanks