Charis
Joined: 12/29/2024
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CGT on half of a property in UK that was not in my name.
I have been an expat for 20 years with no address in the UK. Last year my father died leaving his estate jointly to myself and my sibling who is executor. They wished to take on the property so the value of his home was established using Red Book and I agreed to let them buy me out. Its value did not go up during the year that passed while the finances were being sorted out. Now half of the value of the house has come to me. The property was never in my name, nor in my sibling's name until a month ago but I wonder if I am liable for CGT nonetheless?