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SS Legal Advisor
SS Legal Advisor, Lawyer
Category: Property Law
Satisfied Customers: 1053
Experience:  Senior Caseworker at DL Solicitors
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My mum put my name solely on the Deeds as she wanted me to

Customer Question

My mum put my name solely on the Deeds as she wanted me to have it when she died. That was 1998 and she died in 2016,t thinking of selling but I am concerned about Capital Gains Tax implications can you help
JA: What steps have you taken so far? Have you prepared or filed any paperwork?
Customer: no
JA: Where is the property located?
Customer: Abbots Langley Herts
JA: Anything else you want the Lawyer to know before I connect you?
Customer: i think that is sufficient
Submitted: 1 year ago.
Category: Property Law
Expert:  SS Legal Advisor replied 1 year ago.

Hi there,

You may be liable for capital gains tax. Please use the following link for further guidance and also use their online calculation to see if you are liable to pay Capital Gains Tax;

Further information - https://www.gov.uk/tax-sell-property

Calculator - https://www.gov.uk/tax-sell-property/work-out-your-gain. If you do need to pay capital gains tax, I would also advise to consult an accountant immediately.

I hope this helps and please leave positive feedback. If I can assist with anything else, please do let me know.

Kind regards,