CGT Query

Kelloggs

Hi all,

I am in the process of completing a tax return for a client who has (along with 2 sisters) just sold a property gifted to them by their father 12 years ago. The problem is that they have no idea what the property was worth when it was gifted. How do I get around that?

Thanks

Kel

deanshepherd

A local estate agent or surveyor will be able to give you the value of the property at the time it was gifted.