Hi,
I and my brother have sold a house that was gifted to us by our parents in 1995. Our mother lived in the house and it was my main residence for the 3 years up to her death and house sale. I was her carer.
The house was gifted equally, but we agreed a 60 / 40 split in the proceeds, as I cared for her and dealt with the house sale.
Do we each pay tax on our gain received, or on a 50 / 50 basis?
Thanks
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