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taxadvisor.uk
taxadvisor.uk, Chartered Certified Accountant
Category: Tax
Satisfied Customers: 4995
Experience:  FCCA - over 35 years experience as a qualified accountant (UK based Practitioner)
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If shares are jointly held by a husband and wife and one partner

Resolved Question:

If shares are jointly held by a husband and wife and one partner dies how is the base cost for CGT purposes calculated for the holding that is now in the survivors sole name? Is it the original base cost, the value at the date of death of one partner, or is it the original base cost for half of the holding and the value at the date of death for the other half of the holding?
Submitted: 3 years ago.
Category: Tax
Expert:  taxadvisor.uk replied 3 years ago.
Hello and welcome to the site. Thank you for your question.

The new base cost for CGT purposes will be the original cost for half of the holding and the value at the date of death for the other half of the holding.

I hope this is helpful and answers your question.


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Expert:  taxadvisor.uk replied 3 years ago.
I thank you for accepting my answer.

Best wishes.