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Where Taxpayers and Advisers Meet

Valuation for CGT

Treggy
Posts: 15
Joined: Fri Mar 31, 2017 11:46 pm

Valuation for CGT

Postby Treggy » Wed Jun 13, 2018 4:47 pm

I gifted 2 residential properties to my sons and need valuations for HMRC CGT submission. Surveyors are saying the valuation must be RICS 'Red Book' with fees of £700+. In both cases the identical property next door sold within 2 months with the price shown on Rightmove. What do HMRC require - Red Book, estate agent's letter, Rightmove comparison? Many thanks Treggy

Treggy
Posts: 15
Joined: Fri Mar 31, 2017 11:46 pm

Re: Valuation for CGT

Postby Treggy » Thu Jun 14, 2018 7:10 am

PS Property values are under £200k.


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