CGT 30 days, Self Assessment

ChilliBob

Okay, so I think the revision based on your (most helpful) comments would make the answers this:

3. 1  (1 house sold)
4. 1/3rd House sale price
5. Solicitors, Estate Agents etc - a few k, accountant may have already recorded this if my Mum has it. 
6. The gain from the sale - Just my Mum's gain. 
7.  0 - no lossses
8. Leave blank
9. The same figure as 6
10. The tax she paid
11. Leave blank
12. Leave blank
13. Leave blank

Jeremy535897

5 includes her share of the original cost of the house and her share of acquisition costs (solicitor, stamp duty) and any improvements. Presumably all this is on the 30 day return.

ChilliBob

I would hope so yes, I have asked her to get the accountant to email across the calculation he did. Her original cost was zero - basically inherited from he Mum, who passed in 1986, but the property ended up never being transferred to my Auntie the whole time she lived there, until 2019. 

Thanks for all your help, she's got until 24th Nov to sort it or she gets £100 fine, I'm hoping if the accountant plays ball we'll be okay - its just the costs bit which is the thawn in the side at the moment

Jeremy535897

At the very least, her base cost is one third of the value in 1986. If there was tax to pay, it might be worth looking into this. If Auntie had a life interest (she probably didn't but it depends on what the documents say) the base cost could be 2019 value.

ChilliBob

Thanks for the reply, yes, sorry I guess I meant that it didn't originally cost her anything to obtain the asset. The base cost from way back then will have been used to establish the gain. I'm pretty sure she did not - she did have life insurance, but that was about it - all that sort of stuff has been gone through by the probate solicitor a while ago. 

Thanks again for your help