Hi
My nans house has recently been granted probate and would appreciate some advice. It went to probate as she was tenants in common with my grandad who died some years before her.
I understand that we have a £35k capital gain on the property. My understanding is that I can use the same personal allowance of the deceased so £12300. My question is do we have two allowances ie £24,600 given they were tenants in common? This is based on the theory that only 50% of the property was nans.
The other option is appropriation but that seems very complicated
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