We have a client who purchased 50% of a holiday home with her father in 1987. He died in 2001 and she purchased his 50% from his estate. She now has given 50% (Sept 2020) of the holiday home to her daughter and now has to make a CGT 30 day report. Does the report allow for the two acquisition dates and amounts to be entered and if not, how would these have to be entered?
Any ideas / suggestions would be appreciated please?
ICAEW guide says "Members have reported that the system is unable to accept more than one acquisition date and also does not allow for part of the gain to be calculated on uplift from 5 April and part from market value post 5 April 2015".
(Sorry had to select a "tag" from the choice given, but nothing relevant!)