Will I pay capital gains tax on a property I sold?
Will I pay capital gains tax on a property I sold?
My parents’ home was transferred into my name in 1993. My father stayed in the house, rent free, until he moved into a care home in 2010. He died in 2011 and I sold the house in 2018 for £65,000.
As I did not buy the house and it was a gift, on the understanding that my parents would not have to worry about any living costs, is capital gains tax…