How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Sam Your Own Question
Sam
Sam, Accountant
Category: Tax
Satisfied Customers: 7358
Experience:  26 HMRC expertise, PAYE, Self Assessment ,Residency, Rental Income, Capital Gains, CIS ask for Sam Tax
16196420
Type Your Tax Question Here...
Sam is online now

We are selling our main property following moving into my parents

Customer Question

We are selling our main property following moving into my parents home to be on hand for health monotoring as they are in their eighties. Our house has been occupied by friends since 2012 following our move. My parents house is to be transferred to us. How do we stand for CGT on our former home?
Submitted: 1 year ago.
Category: Tax
Expert:  taxadvisor.uk replied 1 year ago.
Thank you for your questionPlease adviseHow long have you owned your former home?What is the likely gain on saleHow long were you living in it as your main residence?Is it owned jointly? Many thanks