rmc22
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My post in this CGT forum has still not appeared
About two days ago, I posted a question in this forum about CGT on a house share sold in probate. I received an acknowledgment that it was awaiting moderation. I haven't seen it here or heard anything since. Do posts take days to moderate, or has something else happened? -
CGT on house share sold in probate
A husband & wife hold a house in equal shares as tenants in common. The husband dies, leaving his half to his adult children (of a former marriage) but granting a 'right to remain' in the house to his surviving wife. She dies 5 years later, allowing the house to be sold and his share to be distributed according to his will; likewise her half share by her will. The house has risen in value over the 5 years since the husband's death. When the executors/trustees sell the house, is there any CGT to settle before distribution, or is it exempt?