Deductions & credits

In 2016 She had the onwnership name change and legal rights documents (lifetime residence, no right for me to take physical possesion, or sell until her death)     

 

 My mother passed away in NOV 2022.   I was able to sell the property in July 2023.   I received the bank account finances (inheritance) around the same time.    

 

At the time she bought the house it was sold to her for 13,500 GBP.  

At the time of ownership name transfer it was valued at 58,000 GBP

At the time of sale it was valued at 50,000 GBL (price declined).  

 

I was told that I could enter this as an inheritance since I was not able to take possession until her death, is that not correct?