Capital Gains Tax Help!

Steedandpeelcats

Hi all - I don't know if anyone may have any help or insights into my situation. 

I inherited a quarter share of a property in 2015, my share worth £63,750

In 2018, I purchased another quarter share of the property from a relative for £83,750

We've just sold the property (of which I owned half and another relative also owned half) for £190,000 my half share.

I'm absolutely stumped how to work out my capital gains.  Do I just add together the value of the inherited quarter and the purchased quarter as the origianl value when I acquired the property when I do the calculation?  This seems like the most fair way to caluclate my capital gains, but I'm just not sure if it's correct?  

I've spoken with an accountant who had never come accross this situation and couldn't help me.  I'm a bit stumped and not sure where to turn!

[Deleted User]

You are correct. 

I cannot believe that an accountant has not come across such a scenario. 

Steedandpeelcats

Thanks - maybe they thought my query was too small for them to bother with!

[Deleted User]

Just ensure that the gain is declared and tax paid within 60 days. 

https://www.gov.uk/report-and-pay-your-capital-gains-tax

35har1old

[Deleted User] said:

Just ensure that the gain is declared and tax paid within 60 days. 

https://www.gov.uk/report-and-pay-your-capital-gains-tax

It's also dependent on you current tax position 

Jeremy535897

Depending on how close the relative is, you may have to substitute market value at the date of acquisition for the price paid.
Presumably you have never lived in the property?