Hi All
Newbie to the forum. Looks very good.
Have question regarding CGT liability that I cant seem to get a clear view on (probably just me ).
- My wife and I bought a half share in a house with my Dad owning the other half in Sept 2001. The house was purchased at £122k.
- My Dad lived there until Sept 2008 when he passed away. At the time of his will the house was valued at £215k and his will left his half to my wife and I.
- We rented the house out until April 2012.
- We are now in process of selling ot for £206k.
Any thoughts would be greatly appreciated.
Many thanks
Derek
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