Historic value of property

3 replies

MrsBossyPants · 06/04/2023 11:31

I need to organise filing for CGT for a property just sold in the UK. The owner (my eldrerly relative) is a non UK resident/tax payer and only needs to pay CGT on the increase in value from April 2015 to now. The owner has mislaid the valuation done in 2015.

Is there a reliable source of historic values that will be accepted by HMRC?

OP posts:

Mark19735 · 06/04/2023 11:52

They will take the price from when it was last sold, and do a pro-rata calculation to assess what proportion of the toal gain was incurred in the period Apri 2015 to now.

Not sure what happens to properties that have never been sold.

CellophaneFlower · 06/04/2023 12:46

I just got the estate agent I used to give a retrospective valuation. It all went through with no issues.

PickledPurplePickle · 06/04/2023 13:01

Mark19735 · 06/04/2023 11:52

They will take the price from when it was last sold, and do a pro-rata calculation to assess what proportion of the toal gain was incurred in the period Apri 2015 to now.

Not sure what happens to properties that have never been sold.

This is not accurate

Flip