CGT on sale of deceased's house.

getmore4less

izaac wrote: »

I accept that 'aim high' would, in retropect, have been our best course of action; but being only a civilian, liable to fright when warned of the potential outcome of deliberate over-valuation of the property (fines, etc); and being mindful that I had to have proof to back up our valuation- we got an average of the EA valuations. I looked at the cost of getting an official surveyor's, legally binding valuation and found that, interestingly, one of the agents who came out to look at the property was the same person as the surveyor I emailed for a quote! His was the middle EA valuation, too.

As mentioned, I am thinking the sums of money involved, after the EA fee and legals won't be enough to worry about being taxed on; and I am wondering if I can get the EA we're using to be able to demonstrate that house prices have risen quite a lot in the area in 6 months, too.

Why? That would be counter productive if you want to put in a base price for CGT based on DOD valuation that is higher than what you used previously.


Who scared you on here?

if you had market data to justify higher valuation you would have been fine EA valuation are just as good a guess as anyone else that analysis the market data.

You can use that data now for your estimate of base value for CGT. if it is higher research/get advise on how to use that.