Hi I have a question regarding capital gains tax on a residential property. The property is my Mothers, who currently in a nursing home. Its looking like she will not be able to return home due to various health reasons.
Mums house is being looked after by one of her Grand Daughters (rent free). Mum still has all her belongings in the house and still recieves all her mail at her house. I have been told that if Mum is not living in her house we will have to sell it before two years (not living in the house for a period of two years) to avoid paying capital gains tax, is this correct?