Postby rks2018 » Sun May 31, 2020 11:12 am
Thanks for all your info, OK so if I wish to use Tf1 form for transferring share from my sister to myself ie 99/1, when do I need to pay the cgt, is it when I do my SA pay net in Jan 2021? Or within 1 month of transfer?
Also is it now simpler to calculate the cgt after new rules? Will I need to get valuation done and by whom and how many?
I cannot get actual monies amount paid to solicitors when we bought th ehouse back in 2000, hav e even asked them and mortgage company they no longer hold that info. So can I use approx figure?
Also had garage converted to Ensuite back in 2005 but no paperwork, or bank payment detail so I guess I cannot use cost of 5k in reducing cgt? If its simpler not to allow for these costs due to no paperwork I'd rather just pay the tax that's due, last question please, if I do the transfer this year say in November, do use my previous tax year earnings to see if I'm a higher rate tax payer or this year's? Thank you all.