I have PPR (property A) and have inherited Property B.
Probate still in progress for Property B, but expect it to be completed in the next quarter.
So I could possibly sell my PPR now; no CGT as it's PPR.
Then move into Property B, which becomes my PPR. Inheritance tax would still be payable by 31st Oct so no change there.
Am I right in thinking that if I sell Property B at some point in the future, realising a gain, no CGT is payable as it's my PPR?
Probate still in progress for Property B, but expect it to be completed in the next quarter.
So I could possibly sell my PPR now; no CGT as it's PPR.
Then move into Property B, which becomes my PPR. Inheritance tax would still be payable by 31st Oct so no change there.
Am I right in thinking that if I sell Property B at some point in the future, realising a gain, no CGT is payable as it's my PPR?