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Sharoncgt Hanna

Sharoncgt Hanna

Joined: 11/19/2024

  • Capital gains tax on split title

    Tue, 19 Nov 2024 16:20:29 GMT – Capital gains tax on split title
    Hello, I bought a property as a main residence on one title in 2001 which consisted of a house and a separate cottage. I lived in the house and rented out the cottage. I split the title in 2010 when I sold the house but kept the cottage. I now wish to sell the cottage. Should the value of the cottage be assessed for CGT based on its value in 2001 or 2010? How do I retrospectively value the cottage to meet HMRC requirements?