Ok, I'm in tears.. My parents bought a property in 1999 for my disabled son and I to rent after my marriage ended. They paid £30,000, and my son(now 23 and dependant due to learning difficulties)and I have planned a dream move to Wales/Scotland. The house is now worth £160,000,with which I planned to reimburse my parents £30,000 and use the rest for a new property. Our dreams were smashed with a friends "what about capital gains? " remark. I had NO idea this existed. In effect, we seem unable to move as the CGT would be about £35k plus the £30k to my parents and fees etc would leave about £90k, not enough for a new home. Is this accurate? Sorry to sound hysterical but I am genuinely devastated, I can't even tell my son. I'm hoping I've got this wrong but googling has just got me more confused. Any advice would be greatly appreciated