Capital Gains tax on inheritance property
Discussion
Can anyone help with a query about a small inheritance, Im a bit lost with all of this...
If it takes 2 years to sort out the estate of a deceased parent and be in a position to sell the house, am I liable for CGT on the increased value of the property in that 2 years? The total value is well under the inheritance tax threshold.
Ive searched the forum for someting similar and think its a yes...
If it takes 2 years to sort out the estate of a deceased parent and be in a position to sell the house, am I liable for CGT on the increased value of the property in that 2 years? The total value is well under the inheritance tax threshold.
Ive searched the forum for someting similar and think its a yes...
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