My father passed away in 2001. At the time it was not known that he owned some shares. Following the discovery of this fact some six months ago, the shares were transferred to myself. I have recently sold them for ~30K.
The share price was quite low in 2001 but significantly higher when obtained and subsequently disposed of.
What will my CGT liability be?
Is it based on the difference in price when I received the share certificate or the price at fathers death?
The share price was quite low in 2001 but significantly higher when obtained and subsequently disposed of.
What will my CGT liability be?
Is it based on the difference in price when I received the share certificate or the price at fathers death?