kaseyC
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CGT on a property that wasn't put in their name
If a 50% share of a property was left to a direct descent in their fathers will, but their name was never put on the deeds (property had been held as tenants in common, other tenant/party remained living there until their death), Is CGT applicable in this event if they were never actually named on the deeds and therefore never actually owned any of the property? Thank you. -
Capital Gains Tax - Inheritance from Tenant in Common
My father passed away in 2009 and left me his share of his property with my mother. They were tenants in common with severed tenancy. My mother lived in the property alone until she died in 2023. Obviously we are now selling her property but do I have to pay capital gains tax on my fathers share? Obviously the property would have been worth a lot less in 2009 but it wasn't sold at that time as my mother still lived there.