CGT and documents for market value

Hi there, We are aware there will be some capital gains tax due. We have mortgage offer from the current provider in 2011 with a lenders valuation and one form 2024 with the new lenders valuation followong a physical sirvey by the lender but we dont have a copy of the valuation report just the figure valued at in the mortgage offer. Are these OK to use for the market value to work out and pay the CGT figure? There is no sale but gifting of share and disposal to a connected person (sibling and daughter).

Hi
Yes these are allowable.

We have grant of probate done May last year.House value submitted was now I feel too low. Can we revise the value as we have not proceeded with any disposals. Estate value is well below the threshold for IHT.

Hi Clive,
Please refer to guidance at Inheritance Tax: corrective account
Thank you.