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Posted Tue, 13 Aug 2024 18:14:58 GMT by Angela Oliver
I owned a property jointly with my ex-husband, we separated in August 21, the property was valued at this date and transferred to me solely in June 2022, the divorce was completed 5 days later (also in June 2022). I have since rented out the property privately. I have now sold this property. Would the base cost be the original purchase price when I bought it with my husband, the MV of the property when it was transferred to me in the divorce OR something else? I have also checked Land Registry and can see the only value on there is the original purchase price.
Posted Tue, 27 Aug 2024 14:40:57 GMT by HMRC Admin 10 Response
Hi
Your cost price will be 50% of the original purchase price and the 50% of the value when it was transferred in June 2022.

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