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TaxTim says: 16 August 2012 at 18:39 When you inherited the property it would have had a market value. The would be your base cost for the property when calculating the Capital Gains Tax. Did you inherit the property from a spouse? In order to get the value of the property on the date you inherited it you should speak to the executor of the estate which will have a value. The estate would have paid Capital Gains Tax on this property so a value would have been set. I hope this helps? |
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