cgt base cost

I have a client that inherited 50% share of mum and dads main property when mum died in 2016: Market value £500,000: then dad died in 2021 and left remaining 50% share to my client market value in 2021 was £600,000: so now my client owns 100% : in 2023 he will sell for £700,000: is his base cost 50% x 500 in 2016 = 250000 plus 50% of 600,000 = 300,000 - ie £550k or is it the original £500,000??

Hi david leff,

It is the £550,000 that will apply.

Thank you.