rickpharm
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RE: Property
I inherited my fathers house in 2009 and have lived there before his death and still do.I also own my own house.I have not selected my dads house as primary property which is much more valuable unfortunately .I wish to gift my house to my daughter 7 years before I die..I am 69yrs old.I expect there will be significant CGT to pay if I sold my dads house probate was £250,000 in 2009.If I die in my dads house is there CGT to pay by my wife or does it just become part of my estate and inheritance rules only apply.Any advise will be greatfully received.