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Thank you Keith
You said "You are correct in your surmise that as you have a pre 1982 purchase any capital gain is re-based from 31/03/1988 values." which I assume is a typo?
I assume you arrive at the £65.3K figure without deductions allowances etc, which I can add in when income is known. Please confirm.
The freehold was purchased prior to April 1965, which I understood attracts other relief. Are you aware of anything further ?
So I should deduct the personal allowance from the £65.3K figure you have provided ? Just making sure.
Actually the freehold is jointly owned between my parents-in-law which I believe allows two x £11k allowances. Is this correct ? Of course their other incomes will be a factor but I'm just trying at the moment to visualise roughly what amount to put aside.
Finally (sorry Keith I'll make this the last) I can hunt around online approximate commercial valuation as at 1982 but if you happen to know of one I would be grateful.