We are currently considering transferring an investment property by way of gift, either directly to our adult kids or to a trust. we would then hope to live for at least 7 years for IHT purposes.
This requires a valuation for CGT purposes (we are not sure yet whether to claim hold-over relief if using a trust or make future dealings simpler by taking the CGT hit now while I can deal with old expenses paperwork).
I'd be grateful for any advice, experiences, tax manual references etc. Is it good enough to get some estate agents in and use their bumph? Or do I need a professional valuer?
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Property valuation for CGT purposes
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Re: Property valuation for CGT purposes
You can get whatever value you decide to use checked by HMRC. See https://www.gov.uk/government/publicati ... gains-cg34
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