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CGT base value

Answer
HilaryJ McCluskey
Posted Tue, 03 Sep 2024 10:37:44 GMT by HilaryJ McCluskey
A UK resident buys UK residential property in 1997. He becomes non-resident in 2008, but returns to UK residence in 2024. Is the CGT base value of the residential property when sold, its value in 1997 or in April 2015?
Answer
HMRC Admin 20 Response
Posted Wed, 11 Sep 2024 16:01:46 GMT by HMRC Admin 20 Response
Hi,
If you are UK tax resident at the time of disposal, it is the market value in 1997.  
If not UK resident, then it is the 2015 market value.
Thank you.

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