Alison Chalk
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RE: Purchase Price for CGT after buying partner out
Hi there, in response to the above query and answer could I please ask why you would use the market value of the property at the time you acquired the other 50% rather than the actual amount paid? The two parties in the above example were not connected (i.e not married, not relatives etc) so I cannot see under what legislative reference you would use market value - thanks very much.