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Where Taxpayers and Advisers Meet

Selling a flat for less than market value

ROB047
Posts:1
Joined:Thu Apr 15, 2021 7:45 pm
Selling a flat for less than market value

Postby ROB047 » Thu Apr 15, 2021 8:17 pm

Hello,
I'm looking into selling a property via a quick sale, cash buying company. I've noticed when calculating CGT on property, one of the questions asked is 'Am I selling the property for less than the market value to help the buyer?'
My main objective is to sell the the property as quick as possible. To my mind if it helps the buyer its consequential rather than intent but not sure if HMRC will believe or accept that and obviously this can make a huge difference in CGT liability. Does anyone have any advice

Thanks in advance.

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

Re: Selling a flat for less than market value

Postby maths » Thu Apr 15, 2021 9:44 pm

MV only imputed for CGT if the sale is not a "bargain at arm's length".

Assuming that you and the company are not connected in any way and you're not receiving anything over and above the cash then CGT charge would be based on the actual consideration you receive.


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