Hello and welcome to the site. Thank you for your question.Were/are there any documents in place to confirm transfer of property to the children back in 1995?
Did she continue to live in the property after transferring it to the children? If so, did she pay market rent on the property or rent free?
The deeds were registered with the land registry in 1995. We also have copies of correspondence between mum and her solicitor at that time.
In 2010 we found that one sister was not on the list of owners and we had a further deed drawn up to register her as having an interest. (advised that only 4 people could own 1 property)
I hope this is helpful and answers your question.
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As I understand, your answer is that the current sale value of the property will go into Probate and that there will, therefore be no Capital Gain to declare providing sale price matches valuation at time of death.
I thank you for accepting my answer.
Your reward of a bonus is greatly appreciated.Best wishes.
Sorry one more clarification.
Will each benefactor be liable for CGT on their share of the increase in value on the property since its value in 1995