Tax 

What happens when we sell our mother's house?

Graeme Davies

What happens when we sell our mother's house?

My mother’s home is rented out and has been for the past five years as she has moved into residential care. We are considering selling the property to help pay her fees, but will delay doing this until the point that it becomes necessary. Ideally, though, the house will remain unsold while my mother is alive. My question is how would capital gains tax be applied to gains in the property value if a) the house is sold before she dies, and b) if the house is sold after her death. The house was purchased 25 years ago for around £300,000 and has a current value of around £900,000.

A Collingwood

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