Skip to main content

This is a new service – your feedback will help us to improve it.

Posted Fri, 22 Nov 2024 16:13:43 GMT by Anne Prahl
Do I have to pay CG if I sell my half of the flat at the same value the flat was worth when inherited?
Posted Wed, 27 Nov 2024 15:28:02 GMT by HMRC Admin 18 Response
Hi,
No.
Thank you.
Posted Wed, 27 Nov 2024 17:37:35 GMT by Clive Smaldon
Not HMRC...??? Surely response is incorrect...example, flat inherited for £100k, so 50% would be base cost £50k, then 50% sold for £100k, means the seller has made £50k gain, I think thats the questions being asked...if am wrong, apologies, in which case why is the answer no?
Posted Wed, 04 Dec 2024 09:38:09 GMT by HMRC Admin 17 Response

Hi ,
 
Your example is correct .

Thank you .
Posted Mon, 09 Dec 2024 18:16:22 GMT by Anne Prahl
My question was understood and answered correctly by HMRC, but I can see how it could be misunderstood. I meant half of the total value, which in the example case would be £ 50K. Thanks!

You must be signed in to post in this forum.