How to value 1/3 share of a property?

My client owns 1/3 of a residential property, his father owns the other 2/3.  He wishes to gift his1/3 share to his father.  How would this share be valued for CGT? i.e. what discount would be sensible for a minority holding of a property?

He hasn't lived in the property for many years so it is not covered by PPR.  His father does however live in the property.  His father is also in his late 70s. 

Comments

Get 3 estate agents round

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and take an average