How much information do you need?. Is CGT payable on an increase in property value from inheritance date? Answer = Yes on disposalImpossible to answer this question meaningfully given the scant information provided. The OP needs to establish the Valuation Date of their inheritance.
Actually that's incorrect.Is CGT payable on an increase in property value from inheritance date? Answer = Yes on disposal
8.2 Valuation date of an inheritance
In the case of property transferring from a deceased disponer, the valuation date is typically later than the date of the inheritance (date of death) and in most cases is the date of the grant of probate (or the date of the grant of administration for an intestacy). In certain circumstances, however, a benefit does not form part of the estate of the disponer but is acquired by the beneficiary immediately on the disponer’s death or on the ending of an intervening life interest.
How much information do you need?. Is CGT payable on an increase in property value from inheritance date? Answer = Yes on disposal
Hes not asking you to do his tax return
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