Kathryn8765

Hi, Thank you for your response, I understand the first part so that's a start but I am afraid I need it spelling out very clearly and get very lost on the HMRC help pages, so just to confirm, if I sell my current house within 9 months of buying the new one, I will not be liable for any CGT and I do not need to report this anywhere on any tax return or anything?

Hi, Please can you clarify the following. We bought our current house 30+ years ago and it has obviously increased substantially in value since then. If we buy a new house and do not sell the current one immediately but wait until we have done some repairs in order to sell it, what are the CGT implications? Is there a time limit in which we would have to sell the current house ? I have seen some mention of 9 months being the maximum allowed. Thank you.

Thanks for the response. So, to clarify, can the probate solicitor's cost be included? The house could not have been sold without that expenditure. Is the final gain taxed at 20% or 28%? Thank you.

We (3 sisters) are about to complete on the sale of our mother's house. We have a gain from the probate valuation to the actual sale price. I would like to find a definitive list of what counts as deductible expenses to offset against CGT. I understand the estate has an allowance of £3k. Can all of the following be deducted? Probate solictors' fees Funeral expenses Conveyancing solictors' fees Estate agent fees Also, my mother had an outstanding loan balance and I understand this can also be counted as it became an estate debt when she died. Is there a published list somewhere? I am having trouble finding a clear answer online. Thank you.