In 2007 my father passed away and left his estate to my mother
my mother gifted several properties to my siblings as we were told this was prudent both for IHT and as there would be no CGT to pay as values had decreased significantly from probate until date of gift (it was the boom when he died and after the crash when properties were gifted)
In my naivety at time i went along with this without question and filled in my mothers tax returns to include her income but didnt even think about capital gains as i was told there was nothing to pay.
Even though there was nothing to pay from what i know now i should have included this information at the time
could this cause any problems in the future and do i need to take any action?
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