Calculating CGT - Transfered-in unit trusts

Hargel112

I'm trying to work out my CGT position on a portfolio partly built up over years, but also added to recently by units in the same funds that I inherited and were transfered-in. The base data I've been given doesn't show a value against them and I can't find any guidance on how to adjust my average price calculation to take these transferred-in holdings into account. Can anyone help please ? 

eskbanker

The inherited shares should have been valued as part of the estate handling, for probate and/or IHT purposes, did the executor fail to do this?  Is it feasible to trace the market value on the date of transfer, or any other date deemed more appropriate?

Hargel112

Yes, I was the executor and have a valuation of each unit holding but it was 4 months prior to the date of transfer. If that's still likely to be acceptable to HMRC then great. Many thanks. Appreciate your help.

eskbanker

Reading up a bit more on this, it's the value at date of death that counts:

https://www.gov.uk/government/publications/death-personal-representatives-and-legatees-hs282-self-assessment-helpsheet/hs282-death-personal-representatives-and-legatees-2023

Doctor_Who

Hargel112 said:

Yes, I was the executor and have a valuation of each unit holding but it was 4 months prior to the date of transfer. If that's still likely to be acceptable to HMRC then great. Many thanks. Appreciate your help.

As above - it will be the valuation figures used for probate (if required), which are calculated on the date of death.