Kevin English

We have just sold a second property that was gifted to us in 1998 by parents. The parents continued to live in the property rent free until 2023. One parent has died the other is still alive. What is the taxable status of the sale?. Is it capital gains tax or inheritance tax under the ‘Gifting with reservation of benefit’?

I have just sold a second property. I installed a full modern central heating system that replaced a coal fire that heated the hot water. The property was not rented and no previous claim has been made for tax relief. The selling agents confirm that this did substantially increase the value of the property. Can this cost be offset against my CGT liability?

I have just sold a second property. Can I offset the cost of hard landscaping ie the construction of retaining walls and patio?