Slashed throat ? No tax issue actually

[Peter Pedant]

.


Is capital gains tax rolled over ? for transfers between spouses

A is married and owns Whiteacre, Blackacre, Greenacre and a few others. Letacre, a let property is transferred to Mrs A for no consideration in 2011. It cost 20 000 in 1990. If Mrs A sells, in 2015, is the base price for CFT, the 1990 value or 2011 ?

I am right in thinking that the CFT is rolled over so that the base price is taken as 20,000 arent I ?
with some rather horrendous calculations to be done

......

and I apologise for not posting a heart rending story of my girl fren kissing another guy and when they stopped incredibly a mascara brush was sticking out of his eyeball......brush inward of course

[B00]

pardon?

[sara3]

hurrah... I thought it was just me ;o)

[welshlibranr]

Oh What?.................

[dotty.]

righto

[DaisyNonna]

thank goodness I rent!

[Peter Pedant]

oh come on boys
someone must know about CFT !

[ubasses]

http://www.hmrc.gov.u...s-inherit-divorce.htm
Yes starting price is what was originally paid in 1990

[Peter Pedant]

sorry I meant CGT Capital gains tax

no wonder no one understood the question

PP

[Peter Pedant]

mwah mwah

thank you ubasses and thanks for the ref too

PP

[DTCwordfan]

I can't answer this, I am so cut up over it.

[venator]

You should see an accountant - ATII for preference - because the whole picture needs to be considered.

Come on Peter - don't be a cheapskate...