Non resident gifting property and reporting

Hi. I am not a UK resident and I own a house In UK that I have gifted to my nephew. The market value of the house has gone down in the last few years because it’s currently on the market for less than it was bought, so I am sure it’s a loss, and no capital gain. Do I need to report capital loss or zero gain to HMRC? Do I need post valuation? Do I need to pay a rics surveyor to come and conduct a capital gains survey?

Hi ,
 

Please refer to the following Guidance - : Tell HMRC about Capital Gains Tax on UK property or land if you’re not a UK resident   . Thank you .

Thank you! I will report non resident capital loss according to the market value that I think it’s worth now. However I am not sure if I need a rics survey for valuation or an estate agent valuation is satisfactory as long as there is a post valuation by HMRC?

Hi,
An estate agent valuation will suffice and any change will be confirmed with the HMRC post valuation.
Thank you.