If you invest the profit from the sale of one house into improvements on another house, do you still pay capital gains tax?

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  A UK widow signs over her home to her three children. Six years on she gives her consent for the children to sell it. Could they be liable to CGT?
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  My mother bought a house in 1996 for $110,000 cash. With provisions that upon her death, (in 2002), the house would automatically be put into my sister's and my name. In 2002, the house was worth $270K. We are selling it, do we need to pay capital gains?
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  bought home with mom 3yrs ago 78K,She put down 16K,I took 46K mort, govt paid rest(imm domain). What capital gains if we sell for 80000
  by dstevens73 on May 4th, 2010 | 1 person likes this

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