CGT on gifting BTL

[jigjay]

Hi

My mother and father jointly owned 3 BTLs with no mortgages.

My father passed away in 2015 leaving everything of his to my mother.

My mother plans to gift to me one of the BTLs as a PET in 2 years time.

As there is no mortgage on the BTL there will be no stamp duty incurred, however I am aware that she will be liable to pay CGT.

My question is regarding the CGT she pays.....

Will the whole CGT liability be calculated from when my parents purchased the property to when she gifted it me or........ will half of it be calculated from when it was purchased to when it was gifted to me (her half), and the other half from when my father passed his share to her to when the property is gifted to me (the half that she inherited from my father)?

Hope that makes sense!

Thanks

JigJay

[maths]

CGT will be based on the difference between the market value of the property at date of gift less cost [cost is 50% of original purchase price plus the market value of the 50% left to mother at date of death of husband].