My estate includes property bought in 1997 for £68,000 that is now worth about £250,000
Q I am an elderly widower. When I die I expect to leave my entire estate to my three daughters.
Part of that estate is a flat that I bought in 1997 for £68,000 but which is now worth about £250,000. What capital gains tax would be due – if any – when my daughters inherit? They will also inherit the family home, which has a current value of about £550,000.
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