Capital Gains Tax: what you pay it on, rates and allowances
Market value
Your gain is usually the difference between what you paid for your asset and what you sold it for.
There are some situations where you use the market value instead.
| Situation | Use market value at |
|---|---|
| Gifts | Date of gift |
| Assets sold for less than they were worth to help the buyer | Date of sale |
| Inherited assets where you do not know the Inheritance Tax value | Date of death |
| Assets owned before April 1982 | 31 March 1982 |
Checking the market value
HM Revenue and Customs (HMRC) can check your valuation.
After you바카라 사이트™ve disposed of the asset, complete a 바카라 사이트˜Post-transaction valuation check바카라 사이트™ form. Return it to the address on the form - allow at least 3 months for HMRC바카라 사이트™s response.