Will I have to pay Capital Gains Tax on an inherited property?
Capital gains tax (CGT) is a tax on any profit (“gain”) made when you sell (or “dispose of”) capital assets in a tax year.
You may have to pay CGT if you make a profit when you sell property that’s not your home, for example:
- An inherited property
- Buy-to-let properties
- Business premises
So... Do you need to pay CGT when selling an inherited property? Well, as always with the UK tax system the answer is... It depends. Read our guide below to see if you'll need to pay CGT or not.
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