{"id":30829,"date":"2016-10-20T13:00:29","date_gmt":"2016-10-20T06:00:29","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/i-inherited-a-house-from-my-late-husband-will-i-pay-cgt-if-i-sell-it\/"},"modified":"2016-10-20T13:04:54","modified_gmt":"2016-10-20T06:04:54","slug":"i-inherited-a-house-from-my-late-husband-will-i-pay-cgt-if-i-sell-it","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/i-inherited-a-house-from-my-late-husband-will-i-pay-cgt-if-i-sell-it\/","title":{"rendered":"I inherited a house from my late husband \u2013 will I pay CGT if I sell it?"},"content":{"rendered":"


\nIt has been rented out for a few years and I\u2019m not sure if I should move back in to reduce my tax billQ My husband bought a property in 2000 in his sole name. In 2002 we got married and in 2005 we went to live abroad. While we were away, we let the property. We came back to the UK earlier this year and lived with my mother for a few months, during which time my husband unexpectedly died. He has left the property to me and I am in the process of applying for probate. In the meantime, the tenants are moving out but I don\u2019t want to live in this property as it brings back too many memories. I don\u2019t have another property and would like to sell the house and settle somewhere else. The house will eventually be in my name. Will I be liable for capital gains tax (CGT)? Or do I need to live in it for a certain period of time \u2013 if so for how long? AB Continue reading…
\n
\nSource : theguardian.com
\nRead more…I inherited a house from my late husband \u2013 will I pay CGT if I sell it?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

It has been rented out for a few years and I\u2019m not sure if I...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-30829","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-81f","jetpack-related-posts":[{"id":27731,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/will-i-pay-cgt-if-i-sell-my-buy-to-let-to-help-fund-a-new-home\/","url_meta":{"origin":30829,"position":0},"title":"Will I pay CGT if I sell my buy-to-let to help fund a new home?","date":"September 29, 2016","format":false,"excerpt":"\r I\u2019m hoping I don\u2019t need to pay capital gains tax as I am using the \u2018gain\u2019 to help me move from one main residence to anotherQ I would really appreciate your advice on capital gains tax (CGT). I own a second property, which I have let out for the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":138876,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/as-a-uk-property-seller-living-abroad-am-i-liable-for-sneaky-stealth-taxes-such-as-cgt\/","url_meta":{"origin":30829,"position":1},"title":"As a UK property seller living abroad am I liable for \u2018sneaky stealth taxes\u2019 such as CGT?","date":"August 21, 2023","format":false,"excerpt":"\r I lived abroad for 20 years but will return this tax year to sell my sole UK homeQ If you sell your main home which you have let while yourself renting another place or places to live are you exempt from [capital gains tax] CGT? All the pieces I\u2019ve\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":113891,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/if-i-sell-a-buy-to-let-property-and-buy-another-can-i-defer-cgt\/","url_meta":{"origin":30829,"position":2},"title":"If I sell a buy-to-let property and buy another, can I defer CGT?","date":"January 27, 2020","format":false,"excerpt":"\r A landlord appears to be hoping he can claim business asset roll-over relief to delay paying taxQ If I sell a buy-to-let property and immediately use proceeds to buy another, is the payment of capital gains tax deferred?SKA Short answer: no. You are clearly hoping that selling a buy-to-let\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":52349,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/as-newlyweds-what-capital-gains-tax-will-we-pay-if-we-sell-one-of-our-flats\/","url_meta":{"origin":30829,"position":3},"title":"As newlyweds, what capital gains tax will we pay if we sell one of our flats?","date":"April 20, 2017","format":false,"excerpt":"\r My husband and I are worried about how much time we have to sell before CGT and higher rate stamp duty kick inQ I recently got married and we each own a flat. 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He put his house on\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":135847,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/will-capital-gains-tax-apply-if-a-sale-of-a-buy-to-let-property-is-used-to-purchase-another\/","url_meta":{"origin":30829,"position":5},"title":"Will capital gains tax apply if a sale of a buy-to-let property is used to purchase another?","date":"April 10, 2023","format":false,"excerpt":"\r The proceeds for the first house would be fully used as a deposit for the larger second oneQ I own a buy-to-let property and am considering selling it to fund the purchase of a larger buy-to-let investment property. 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