is this a capital gain?

katiepoppycat

Tom99 you clearly know your stuff! Thank you so much for your advice on this. I had no clue what was going on and it's hard to google my way through this. I've found form C4 which seems to be mostly about IHT but nothing else seems to fit the bill. Presumably I just fill this in detailing that the house was valued at £230k but is actually £260k and call that a nil tax amount?

Tom99

katiepoppycat wrote: »

Tom99 you clearly know your stuff! Thank you so much for your advice on this. I had no clue what was going on and it's hard to google my way through this. I've found form C4 which seems to be mostly about IHT but nothing else seems to fit the bill. Presumably I just fill this in detailing that the house was valued at £230k but is actually £260k and call that a nil tax amount?

You only need to complete form C4 if a revised Jan 2019 value would mean you incurring more IHT.
By the sound of it you are a long way short of any IHT liability and providing you are confident that using the correct Jan 2019 market value would not give you a taxable gain there is no need to report the sale to anyone.