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  • FIRST POST
    • Ed-1
    • By Ed-1 10th Aug 18, 12:59 PM
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    Ed-1
    Capital gains tax calculation
    • #1
    • 10th Aug 18, 12:59 PM
    Capital gains tax calculation 10th Aug 18 at 12:59 PM
    Person A buys a house for 36,000.

    Later gifts half to person B.

    How is any capital gain calculated for person B if the house later gets sold for 50,000 with no private residence relief? Is person B's acquisition value 0 so when the house is sold they've made 25,000 capital gain?
Page 1
    • 00ec25
    • By 00ec25 10th Aug 18, 1:01 PM
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    00ec25
    • #2
    • 10th Aug 18, 1:01 PM
    • #2
    • 10th Aug 18, 1:01 PM
    to save people time, take a look at his previous CGT questions, there is a pattern to them
    Last edited by 00ec25; 10-08-2018 at 7:44 PM.
    • Ed-1
    • By Ed-1 10th Aug 18, 1:09 PM
    • 2,298 Posts
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    Ed-1
    • #3
    • 10th Aug 18, 1:09 PM
    • #3
    • 10th Aug 18, 1:09 PM
    to save people time, take a look at his previous CGT questions
    Originally posted by 00ec25
    Very helpful response And please keep this thread on topic. I don't want the next few posts an exchange between me and yourself.
    • Ed-1
    • By Ed-1 10th Aug 18, 9:23 PM
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    Ed-1
    • #4
    • 10th Aug 18, 9:23 PM
    • #4
    • 10th Aug 18, 9:23 PM
    Answered my own question. Base cost when a property has been gifted to a non-spouse, when the recipient later sells the property, is the market value on the date of the gift (i.e. the same market value used to determine any capital gain for the person that gifted it originally).
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