CGT on inherited property

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Thank you both....

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Thanks JP so it would start from the surveyors valuation for IHT and the calculation would use the difference between that value and the value at eventual sale time?

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Just wondering how CGT is calculated. I inherited a property bought by my parents in the 80s. The value has multiplied by about 5. Do I pay CGT when I sell it based on:
the difference in price between purchase and eventual sale price, or
the difference in price between value at time of inheritance...

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Just come back to say thanks to MdeB for the exhaustive contents list which I’ll be using as a framework for my manual....

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😂.
I wasn’t actually expecting all these really helpful suggestions. There are too many to thank you individually. I’m just off to the property now, it’s the 1st time I’ve rented out something I have renovated from scratch, it’s unbelievable how much there is to do! I am currently...

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Thanks guys, lots of good advice here!

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Thanks BTL.

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Such cynicism JK0 🙁!

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I’m hoping to get new tenants in the next few weeks, the house has been totally refurbished, the last tenants left after about twenty years! I’m aiming for professionals/ family. Using agents for tenant find only
Is it a good idea to put a “ house manual” together? What information would...

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Hi delectable. No I only have two properties, but work 4 days a week and they are in a different city requiring a one day round trip. After this tenant find only I think I’ll have enough experience and confidence to do full management myself. I am not in Facebook and don’t want to be....

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I agree it is always sensitive, I went through it with my dad and had to mount a major charm offensive to get him to sign. I can’t remember whether he had the diagnosis yet but to me as a health professional it was obvious he had dementia and sadly it was only going to go one way ie worse. To get...

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Thanks Oscarvl for your input. It’s actually rare for student landlords ( or me , anyway!) to get any feedback from our tenants so it’s useful to know how crucial a decent desk is in the home....

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Would you or another trustworthy and competent relative consider applying for power of attorney? Sadly there may come a time when your ER is more muddled and without POA no one will be able to do anything about ERs affairs. It would then have to go to the courts for someone to apply for deputyship,...