Hi I ve had conflicting advise re what fugures should be declared & would appreciate some guidance / advice / clarification etc please.
Husband and wife purchase a second property in 2012 for £142,000 ( Joint owners). Due to husbands ill health they never lived in the property so this was not main residence.
Husband died in 2016 - probate value of property at the time was £172,000.
Wife would now like to sell this property - valued now at £200,000. Which figures & percentages should she be declaring for CGT purposes? Have looked at too much information and totally confused myself - can anyone help / clarify please? Thank you
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Original purchase price for the half held by the widow throughout, and probate value for the other half. Why is that difficult? Where are you confused?