How does the three-year capital gains tax rule work? | Money | guardian.co.uk
Q My two sisters and I inherited my mother's three-bed flat in south Buckinghamshire in 1997. One of my sisters opted to be bought out, so I increased my share from a third and my father bought the remainder. The flat's value at the time was, I think, £102,000.
From 1999 until October 2011 we let the flat and used the rental income to help pay the rent on our own homes. The rent has always been close to £10,800 a year and the property was valued in 2006 at £227,000. ....
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