CGT - Non PPR

[Boscod]

Some years ago my mother gifted me joint ownership of her house. Upon her death I assumed full ownership and it has been rented ever since.
At the time of gifting, the property was valued, and was within the then Revenue threshold for mother - son gifts, and no money was involved.
I am now considering selling it and am looking at the CGT implications of doing so.
In this regard, is there is a 'cost', based on the gift transfer value that can now be used to minimise my CGT liability?

 

[Joe_90]

The first 1/2 is the value at the date of the gift, the second half is the value on the date of death.

The two together give you your base cost for CGT.

 

[Boscod]

Thanks Joe............just what I wanted to hear