From: Ronald Raygun 
Subject: Re: selling inherited house...cgt
Newsgroups: uk.finance
Date: Sat, 01 Apr 2006 12:28:08 GMT

Tumbleweed wrote:

> "Troy Steadman"  wrote in message
> news:1143874083.275888.164750@u72g2000cwu.googlegroups.com...
>> Ronald Raygun wrote:
>>> Robert wrote:
>>>
>>> > "I inherited my mothers house in May 2002 and it is now up for sale.
>>> > I realise I need to pay cgt on the difference between selling price on
>>> > value  in May 2002 (less allowances). My question is , Who decides its
>>> > value at May 2002."
>>> >
>>> > Someone must have valued the house so that the inhereitance tax could
>>> > be paid (if any) and probate granted.  But it is not the value in May
>>> > 2002 that you need, it's the value at the date of the death - the
>>> > probate value.
>>>
>>> One generally inherits assets on date of death.  Therefore, if he
>>> inherited it in May 2002, then that's when his mother must have died.
>>
>> There was a case where somebody changed his will after he had been
>> murdered. The murder happened, the victim lingered on lucid and
>> concious in hospital for several months.
> 
> Eh?

Very interesting, and possible, but not relevant.  We're interested in when
Robert's mother actually died, not when (or even whether) she was murdered.