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Yes its the current value that the capital gain arises on as the tax point is at the change of title deed
Hi it is correct as its when the title deed changes that gives rise to the tax point but why come and ask for expert advsie if you are going to disagree so just phone HMRC and they can clarify for you and the value is NOT NIL It has a consisderation!
Yes of course it was incomplete as still in the original owners name
but shes doe not as the title deeds are not reflecting that nor is there a lean against said title
The partnership deed has no legal bearing here I am afraid