Good evening
My wife purchased a house in 1997 in order to be able to accommodate her mother as sole occupant. Her mother eventually had to go into care and the decision was made to rent the house in order to help to fund the care home fees. My mother in law sadly passed away ten years ago and the property has stayed rented up to date. The value of the house has increased from a purchase price of £75 to an approximate figure of £240 at today's prices. The excellent tenants are possibly moving abroad next year and we have to decide whether to sell the house or re-let.
Will CGT be payable on the increase in value?
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