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Sorry about my inefficiency ! My question is : My wife died in 2004, leaving me her quarter share in farmland with an old steading/barn. Her share was valued at£28000., the other shares being held by her brother and sister. Later we decided to sell the steading as a private house but before selling it we were involved in expenses -water supply, access road,, legal fees, planning permission etc - amounting to £100000 ,my quarter share of costs being £25000.
The property has now been sold... and my quarter share of the purchase price after expenses is £48000.
I have spoken informally to my accountant but would value your independent opinion regarding Capital Gains Tax payable by me. Thank you help.