Isobel Leaviss

Thank you - please can you clarify whether a formal valuation is always required (for gain, loss and stable valuation) and whether that means an estate agent or chartered surveyor or what?

Dear HMRC, What is required to support the market valuation for a property gift for CGT purposes where there is zero consideration? We have details of recent sales of apartments in the same building and a few are currently on the market - can we use this information to support our assessment of the market value CG34? Or do you require an estate agent valuation? or multiple valuations? or a RICS surveyor valuation? It is not clear from the published guidance which implies we should just send any evidence we consider to be relevant. If there has been a CGT loss on the property transferred, can the transferor applied against other asset CGT gains for the tax year (e.g. shares) ?