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Where Taxpayers and Advisers Meet

Gift of a house.

Posts: 1
Joined: Mon Dec 02, 2019 1:00 pm

Gift of a house.

Postby devjim » Mon Dec 02, 2019 1:04 pm

At present I rent a small house and recently a friend has died and left me her semi detached house in her will, will I have any capital gains tax to pay.

I intend to live in the house and it is worth approx £250k


Posts: 1043
Joined: Fri May 16, 2014 3:47 pm

Re: Gift of a house.

Postby AGoodman » Mon Dec 02, 2019 2:30 pm

No, unless there was something unusual, CGT is not payable on death.

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