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Old 06.03.2020, 17:55
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Re: UK CGT on property post 6/4/15. Valuation?

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Presumably the sale price in the contact is the figure. Until you sell there is no liability...
No he needs the 6 April 15 as the base or cost price, from that he can add stamp duty & legal costs of purchase. Then after deducting agents & solicitors fees he can calculate his taxable profit.

CGT is a tax on disposal of an asset at market value on the day of the transfer, if you were to gift it to your children for free or at a reduced cost, CGT is still payable based on full market value.
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