Inheritance Question
My Grandma recently died and has not made a will. She has just one daughter (my mum) and my grandad passed away a few years ago. She has about 20 to 30k in savings and the house is worth about 100 to 120 k. My question is what happens if my mum sold her house, would she be able to keep all the money or does she have to pay capital gains tax. I know it under the threshold for inheritance tax. Many thanks
Paul
Paul
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More info here:
http://www.property-tax-portal.co.uk/taxquestion48.shtml
The only other 'blood' relation is her nephew and me and my brother and our kids.