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Posted Tue, 09 Jan 2024 17:42:30 GMT by
I bought a property without a mortgage a few years ago. I then got the property revalued at its present rate which was more than the original purchase price and mortgaged it. Do I calculate my capital gains tax based on the original purchase price or do I calculate it based on the surveyors valuation price which was a few years after where I have a mortgage now?
Posted Tue, 16 Jan 2024 10:54:58 GMT by HMRC Admin 32 Response
Hi,

The capital gain is based on what you paid when originally purchased.

Thank you.

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