JGG82

Hi, The situation: - I'm Canadian, non-UK resident (more than 5yrs) - I'll never use this property as my primary residence. - I am doing a self-build at in Kingsburgh, IV519UT I started to read about Capital Gain taxes in the UK. I understand the calculation is usually straight forward sell price minus purchase price minus fees and improvements. However, with a self-built, there is a whole lot of value that I brought in that is not on any receipts. I've realised that as a non-UK resident my future capital gain tax when I sell this second-home/investment property in Kingsburgh will be based on the purchase value of the house. As this is a self-build property, there is no easy way to determine the "purchase price". I've been reading and I'm thinking that obtaining a RICS evaluation of individual new-built at the time the house finishes to be under construction (when it starts becoming habitable), might be an option to establish a "purchase price". https://www.rics.org/content/dam/ricsglobal/documents/standards/valuation_of_individual_new_build_homes.pdf I am nearing the end of my build and would like to ensure I have everything I need in order to be able to minimise capital gain taxes (and paperwork issues) when I choose to sell this property in the future. In short, as anyone experience on a way to establish a "purchase price" for a self-build home subject to capital gain when they sell the property. I guess anyone with a self-build home that is not using it as a primary residence for the entire length of stay will have this kind of problem. Thank you for your thoughts on this