Maths for ESC D26?

Maths for ESC D26?

Didn't find your answer?

Bit rusty on this, so can I just check I have read the legislation correctly.

I know ESC D26 is now statutory, but most people will know it as ESC D26.

Example numbers:

Property A aquired for £200k under joint ownership of X and Y

Property B aquired for £300k under joint ownership of X and Y

X aquires all of A in consideration for their share in property B plus say £175k cash [and pays stamp duty on it]

So the new base costs should I think be property A, £100k (original held share) plus £175k consideration plus £100k (Y's base cost in A) = £375k

And base cost for property B, £150k (original) plus £150k (X's base cost in B) = £300k

And thats about it I think for the maths.

Procedure wise, does this require a seperate claim? Or does one just include the disposal on the returns with a note?

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