Inherited Homes Face Big Tax Shifts | London News

Capital Gains Tax overhaul could hit families hard—especially when inheriting property. Under current rules, inherited assets reset to the deceased’s value, but proposed changes would tax gains from the original purchase price, potentially triggering massive bills. A family home that rose £500k over 25 years could face a £120k tax bill; even £150k gains might cost over £35k. Compounding the issue: inheritance tax changes (including pensions from April 2027) could create a double whammy. Plus, aligning CGT with income tax rates—currently up to 45%—could make asset sales far more expensive. Executors may also face a nightmare: digging through decades-old records to calculate original costs—all while grieving. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/d9b471be540f1de1