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A taxpayer asks how to calculate the acquisition value of a flat inherited in 1974 to determine the capital gain upon its sale in 2023. The DGT clarifies that, as it is a profit-oriented acquisition, the value is based on Inheritance and Gifts Tax rules.
Analysis pending. This ruling has been identified and indexed by the automatic ingestion system. BMC's team will complete the plain-language analysis within 24 hours. You may access the official source in the meantime.
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