My wife inherited a house from her mother in November 1986. It was tenanted then and has remained so since.
It would have had a value at that time which I guess we can find out from somewhere, RICS maybe ?
Let's call that value 'A'
In January 2017 the property was transferred to joint names of myself and my wife.
It will have had a value at that time which we can look up on Land Registry.
Let's call that value 'B'
So now onto the question.
We are considering selling the house.
Supposing it sells and we achieve a return of 'C'
How do I go about working out our CGT liabilities.
Does the the solicitor notify HMRC, or do I do this on my SA ?
Thanks
andytw
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