Gifted property value

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    #1

    Gifted property value

    For CG calculation I need to establish the value of a house at a point in the past. Unfortunately I don't have any survey from the time of the gift, but the house has just sold so I have the value now. Is it acceptable to use the HPI figures for my area to work it out or do I have to pay a surveyor?

    many thanks,
    Mark.
    Tags: None
    #2
    Needs a valuation by surveyor working from an estate agent located near to property. You should ask for quotes at b2 or 3 local estate agents with surveyor..

    Comment

      #3
      I am not sure HMRC believe valuations from estate agents whether qualified surveyors or otherwise 0- and not a best of three approach.

      If substantial gains are involved I would get a proper independent surveyor.

      Comment

        #4
        The valuation letter has to be signed by a qualified surveyor and NOT by the sales manager .

        Comment

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