My feed
Premium

Please
or
to access all these features

Mumsnet has not checked the qualifications of anyone posting here. If you have any legal concerns we suggest you consult a solicitor.

Legal matters

Historic land value for CGT purposes

2 replies

MrsJervis · 25/10/2017 16:18

DH inherited a parcel of agricultural land from his father several decades ago. Last year, we sold the land, and we now need to work out our CGT liability. Only problem is that we don't know how to work out the probate value of the land. The only sum we can find in documentation is the total probate value of late-FIL's entire estate (of which DH's land was just a very small part). We've contacted the firm of accountants who handled FIL's affairs at the time and who still look after the family farm but they can't find any relevant documentation. Does anyone know whether HMRC would accept an estimate from a local land agent? Or is there any other way of getting this information? All help very much appreciated. (Am also going to post this in Money in case anyone there has an idea.)

OP posts:
Report
MrsBertBibby · 25/10/2017 19:41

A local surveyor should be happy to do a historic valuation, it's often done.

Report
Larsitter · 26/10/2017 12:41

Also possibly the solicitors who wound up the estate rather than the accountants would have a list of the assets for probate when the father died.

Report
Please create an account

To comment on this thread you need to create a Mumsnet account.