RICS Surveyor- is there another way?

[Tingly]

Good evening

I have spoken to hmrc today about gaining a retrospective property price for cgt calc purposes
I took possession of a gifted property in 1987
I seem to remember it was worth circa 55then, but being a gift i cannot verify that.
I can see from the council tax bandings in 1991 the property would have fell between 50-68k , so i think my guestimate 4 years later is pretty accurate
However hmrc say i will have to prove this - and say a rics surveyor would do this
With vat etc the rics man now comes in at over £1200

I have tried estate agents, solicitors, national valuation office, local valuation office- all to no avail

Can anyone else direct me to someone who may be able to help please?
Thanks

[bd6759]

Nobody will provide a valuation without payment. The cost of the valuation is an allowable expense against the gain.

However, if you simply use 55,000, the maximum you will wrong by is £13,000 if HMRC argue that the value is £68,000. This will affect the tax due by £2600 - £3600 depending on your rate of tax. If your surveyor suggests that £55,000 is correct you will need to pay him more to defend his valuation with HMRC if they disagree.

That said, it is not something HMRC will press because of the costs involved arguing at the Lands Tribunal. There would need to be a lot more at stake before they would take it that far.

[Tingly]

Thankyou- i hadnt realised it was an allowable expense
In the first instance then, am i permitted just to submit what i think it was without any sort of rics paperwork?