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Where Taxpayers and Advisers Meet

Unrealised gains

kanrent
Posts:86
Joined:Tue Dec 16, 2014 8:20 am
Unrealised gains

Postby kanrent » Mon Sep 07, 2020 8:32 am

Hi I'm a non resident British citezen
I became liable for CGT as from 2015 if I sell my only rented property.
When I die and leave that property to my daughter (who is a non resident British citezen not UK domicile) will she have to pay CGT occurred from 2015 to the inherited date if she sells the property after probate
Regards

maths
Posts:8430
Joined:Wed Aug 06, 2008 3:25 pm

Re: Unrealised gains

Postby maths » Mon Sep 07, 2020 2:03 pm

No. Daughter acquires property at its market value at date of your death.

Daughter then liable only re capital gain between date of death and date of sale.


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