CGT on 2nd home

Posted by smayles PM | on Fri, 22/06/2012 - 11:54 515 3 comments | report

A client inherited half of her parents home some years ago on the death of her mother. Her father continued to live in the house rent free. They must now sell the house and apply the proceeds to buy sheltered accomodation for her father. It seems clear that a CGT liability crystalises on the sale, but is there any prospect of rolling over or otherwise avoiding the CGT on the funds re-invested?

Comments

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Don't think so

Paul Scholes | Fri, 22/06/2012 - 13:33

As Paul has said, there is no

LyneT | Fri, 22/06/2012 - 13:47

Is there an argument...

tebthereb | Sat, 23/06/2012 - 22:12