Property Values 1953 To 1975, Please Help!

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  • King_Maker
    replied
    As JKO has stated the relevant date is 31 March 1982. This should result in less Corporation Tax than if the actual acquisition price was used.

    Professional valuations will be required for all relevant properties.

    Indexation should be available.

    Leave a comment:


  • jpkeates
    replied
    If you're calculating CGT, the value is the value in 1982 as JKO says.

    The office of national statistics has average house prices, which you could argue are indicative.
    http://www.ons.gov.uk/ons/publicatio...cm%3A77-333236

    You could always ask HMRC what they would use, as this would at least help you be consistent.

    Leave a comment:


  • Imara Group
    replied
    But is there no register, government or council that would record the purchase prices?

    Leave a comment:


  • JK0
    replied
    I believe the value at 31st March 1982 is the base value for capital gains tax, isn't it?

    Presumably you know about the Halifax House Price Index?

    Leave a comment:


  • Sad S
    replied
    RICS have index linking on various kinds of property over many years. To access this, I think you'd need a qualified surveyor.

    Leave a comment:


  • Imara Group
    started a topic Property Values 1953 To 1975, Please Help!

    Property Values 1953 To 1975, Please Help!

    Hello there,

    I work for a small property investment company which owns a row of 9 units. Each unit has commercial on ground floor and residential on the upper.

    We are considering now to sell the row of units. The issue is 8 of them were bought between 1953 to 1975 and we have no record of the purchase price paid as we initially want to work out the tax liability.

    The purchase prices are not on the land registry title. Looking at our books from 1953 to 1975 is near impossible.

    What can I do? Please Help!

    Cheers

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