I have an unusual situation.
I bought a house in 1994 from my Mother. She and I lived there until 1998 when I bought another house for myself which I moved into. My mother continued to live in my other house (rent free) until she died a couple of months ago. I lived in the house caring for her for the last three months of her life.
I am now selling the house my mother lived in and am back in my own home. Am I liable for CGT when the house is sold and if so how do I calculate this?
I bought a house in 1994 from my Mother. She and I lived there until 1998 when I bought another house for myself which I moved into. My mother continued to live in my other house (rent free) until she died a couple of months ago. I lived in the house caring for her for the last three months of her life.
I am now selling the house my mother lived in and am back in my own home. Am I liable for CGT when the house is sold and if so how do I calculate this?