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Thank you for your helpful answer. My father paid no rent whilst living in the house. Given the figures I provided can you give me a very rough estimate of the amount of tax to be paid or the percentages involved?
Thanks for your response
Can you advsie the 2007 value please
The value in 2007 (at the height of the housing market) was 215,000.
Sam, thank you very much indeed. You have earned a good nights sleep.