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17 January 2013

Property CGT and PRR with ownership of two homes.

My mum owns two homes. a) First home bought in 1990 b) Second home bought in 1998 The second home was elected as the PRR in 2006. Following the passing of my late father my mother is considering selling one or both homes. For the sake of IHT and CGT what is here position on the properties in terms of gains and legitimately avoiding tax bearing in mind property inflation peaked in 2007, having risen for 10 to 15 years before. What is the best solution to selling one or both homes? Thanks

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