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Posted 2 years ago by
Hi If i wanted to sell an inherited property, which is not my primary home/property, to a family member I understand i would pay CGT on the difference between the value of the property when inherited and the market value of the property now, regardless of whether i sell at this market value or below. What evidence does HMRC require of this market value? How does HMRC check/determine market value? Thanks
Posted 2 years ago by HMRC Admin 25 Response
Hi EK86,
You would need to have 3 different valuations  done by estate agents and take an average.
Thank you. 
 
Posted 3 months ago by davidprevill Revill
Are the valuations provided by Zoopla and Rightmove considered acceptable, as our local estate agents just use them anyway
Posted 3 months ago by HMRC Admin 25 Response
Hi davidprevill Revill,
Yes as long as you can provide supporting evidence.
Thank you. 
 

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