Discussion
I m struggling at the moment to get anybody to advise me on CGT, I ve tried all the online type contact stuff without success. It seems CGT is an area a lot of accountants doesn t really want to get involved in.
My situation is I ve recently inherited my marital home back due to survivorship rules my ex and I were joint tenants and I m planning to sell as I have another house which is my main residence.
I ve tried to wade through the CGT tax implications but can now understand (well a bit anyway) how Angela Rayner fell foul of this. (although thinking back wasn't her issue stamp duty?
My situation is I ve recently inherited my marital home back due to survivorship rules my ex and I were joint tenants and I m planning to sell as I have another house which is my main residence.
I ve tried to wade through the CGT tax implications but can now understand (well a bit anyway) how Angela Rayner fell foul of this. (although thinking back wasn't her issue stamp duty?
My wife was an Accountant and she’d also suggest a tax expert.
She suggests you note when it ceased to be your main residence and perhaps a value then(assuming it was once your home too). It’ll have a probate value and someone who understands it will advise what you can reasonably deduct as costs of disposal.
This is just for your half, none on the inherited half.
She suggests you note when it ceased to be your main residence and perhaps a value then(assuming it was once your home too). It’ll have a probate value and someone who understands it will advise what you can reasonably deduct as costs of disposal.
This is just for your half, none on the inherited half.
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