Lyndea31

Many thanks. What a minefield! We were all joint owners and mum said In Her will that her portion was to go to me and my husband although as joint tenants that would be the case anyway. We were all involved in the upkeep and alterations not just mum. Will have to hope for the best but expect the worst . Thanks for responding

Hi In 2000 due to health issues mum came to live round the corner from me. Her income Wasn't enough to cover the mortgage so my husband and myself went on the mortgage and the deeds as joint tenants. Mum has passed away and the property needs to be sold. Will myself and my husband be liable for cgt. Will there be any reduction as was mums main residence. She also had a new bathroom and porch fitted as I under stand certain things can be taken off the capital gain. The house was bought for £40k and now worth about £140k there is an interest only mortgage of £20 k which will be cleared when sold. Many thanks