Owning your own home

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Hobo in reply to @Velocio

@Velocio @aggi Thank you for your insights. The land is a portion of a garden. I know she owns a few properties but I vaguely recall her saying that this was listed as her primary residence.

I need to find out how the land would be valued. She paid £180k for the house (and land) in 2001. Would any profit be based on this value or how much it would be valued today? £500k according to Zoopla.

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Velocio in reply to @Hobo

Well... this is for her to figure out. She needs a conveyancer to do this work, which you could offer to pay for to move it along. I doubt she'd have CGT to pay if she hasn't sold other property this tax year as a garden isn't going to be the majority value of the £500k house and garden.

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