CGT & Death of Spouse Enq

Looking for clarification on which set of figures to declare

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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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By johngroganjga
31st Aug 2018 04:39

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?

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