Different acquisition dates and values to calculate capital gain for inherited and purchased property shares
Technical details
Summary
A taxpayer asks how to calculate the capital gain when selling a property held 50% by purchase and 50% by inheritance. The DGT responds that separate rules and acquisition dates must be applied to each portion.
In 6 key points
How it affects those involved
Taxpayers with mixed property ownership must apply distinct acquisition dates and values for inherited and purchased shares when calculating capital gains.