TR1 Panel 8 consideration

Hi Can you please help. Selling our property (2nd) to our child (over 18). We own property outright. child will buy with Mortgage, Cash Deposit and we have given cash gift  to help. As we only bought 8 month ago we are selling for exact same price we purchased which the lender agreed and made mortgage offer - they did a normal procedure mortgage valuation which came back more than we are selling for but have said was fine as their valuation is only to check loan viability for them and purchase price has stayed same. My question is should the consideration be first box with actual purchase price we are selling for? or do we use last box any other consideration as Purchase Price and gift equity value up to the mortgage valuation (market value?) as it is family purchase? I thought the TR1 form only need show the purchase price to be paid?  We understand as sellers we will have to declare market value on the within 60days for CGT after purchase to HMRC and that the difference would also be a gift for 7 years under IHT rules.

Hi V G - the guidance we can provide is as per the online guidance we supply with form TR1 and how to complete the panels as appropriate. Section 3.8 explains how to complete the consideration - Guidance: how to complete form TR1 - GOV.UK (www.gov.uk)
If they are paying you the 'exact same price' as when you purchased I assume that would be the figure inserted as the consideration

Hi many thanks for fast reply it is very much appreciated.  Because we are selling to our child their solicitor is insisting purchase price of £135k and a gift equity of £30k should go in last box due to lenders valuation  rather than  the actual selling price in the first box, as he says it is the market value due to family purchase. Is the land registry for transferring ownership to show what is actually paid (purchase price ) different to us as sellers declaring a market value after sale to HMRC separately for cgt and gift iht rules. We are really concerned that we don't get the wrong box and wrong side of law. 

V G - we deal with the sale/purchase by way of the transfer. So the consideration is completed as explained online 
HMRC deals with SDLT etc and we don;t deal with IHT or CGT issues
I would be guided by the solicitor

Hi Adam many thanks - we will contact our solicitor to seek a resolution of the matter.