GF60
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Inherited valuation of property
For the valuation of property when inherited after probate, If there are 2 probates as inherited half of the house when one parent passed and the other half when the other parent passed do you add the two gross amounts on each probate together to get the valuation to work out capital gains tax to pay on the property. -
Date I got share of the property
I inherited a property from 2 parents, the first Probate for half the property was in 2022 and the second probate for second parent when the remainder of the property was inherited was 2023. Can you tell me which probate date I need to enter on the capital gains tax self assessment form. I spoke to someone at hmrc and they said the first date but my brother has spoken to a tax consultant who said the second date. You cannot enter 2 dates. Can someone please confirm which date we need to enter for the date I got my share of the property