If res property pur on 1987 and sale 2019 how i calculate Long Term Capital Gain.

This discussion explains how to calculate Long Term Capital Gains (LTCG) for a property purchased in 1987 for £100,000 and sold in 2019 for £2,000,000. It advises using 2001 as the base year for indexation. The indexed cost of acquisition is calculated as £100,000 multiplied by the index for 2001 (289), divided by 100, resulting in £289,000. The LTCG is then £1,711,000, taxed at 20%, amounting to £342,200. An alternative suggestion is to use the Fair Market Value (FMV) as of 1st April 2001 as the cost of acquisition for indexation purposes.