N Finance

Hi HMRC Admin, The weblink to the general CGT pages does not provide evidence for your original answer. Please provide a reference/link to the relevant section in the formal Tax Manual?

Thank you. Please could you provide the Tax Manual reference/section that supports this decision?

My mother purchased a 25% share in a 200k property in 2008. The 25% was passed to my father via a deed of variation in 2023 when the property was valued at 350k. The property s now being sold for 450k. Will my father's acquisition cost for CGT be 25% of 200k or 350k?

A UK residential property purchased, in 2012 for £200k, was held as joint tenants by myself, my brother, my sister and my mother (4 people in total). My mother died in 2022 (leaving 3 joint tenants remaining) when the property was worth £350k. In 2024 the property is being sold for 450k. My share of the total buying and selling expenses is £2.5k. The property has not been my main residence. Is my capital gain calculated as follows: My share of capital gain=25%*(350k-200k)+33.33%*(450k-350k) -2.5k expenses= 37.5k+33.33k-2.5k= 68.33k.