Capital Gains Tax On An Inherited Property

Budlet | 17:59 Tue 29th Mar 2016 | Law

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I inherited a property following my father's death. I put a new kitchen in, new carpets, decorated throughout and landscaped the garden. It was sold five months later. I have been told there is a capital gains tax to be paid? How is that so? The value of the property had not increased in those five months.

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The house is in East Yorkshire. It was a semi detached two bed bungalow.

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