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On sale any gain made from the acquisition price to the net selling price will be divided by 4. You Father's share will be entitled to Private Residence Relief (PRR) which relieves Capital Gains Tax (CGT) at 100%, so no CGT payable. However, the son's portions will be subject to CGT, but only on the difference between the net selling price and the current market value 4 years ago. From this each has a non cumulative Annual Exempt Amount (AEA) of 12K. Once that is taken off then the remaining balance will be exposed to CGT at 18% or 28% or a combination of the two rates depending on the individuals' income in the tax year of disposal.
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