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Where Taxpayers and Advisers Meet

Valuation of a gift for CGT declaration

Treggy
Posts:17
Joined:Fri Mar 31, 2017 11:46 pm
Valuation of a gift for CGT declaration

Postby Treggy » Thu Jun 22, 2017 8:41 am

We am gifting a rental flat, not our main residence, to our son. What will HMRC require as evidence of the value of the property for my CGT declaration? A property web site has the recent sale price of an identical next door flat.

maths
Posts:8507
Joined:Wed Aug 06, 2008 3:25 pm

Re: Valuation of a gift for CGT declaration

Postby maths » Sun Jun 25, 2017 10:44 pm

Keep the web site info to which you refer.

You could obtain a professional valuation (for which you pay) or obtain three free estate agent valuations and take an informed decision.


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