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Where Taxpayers and Advisers Meet

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by ric59
Fri Apr 07, 2006 4:42 am
Forum: Tax Investigations and Enquiries
Topic: Inheritance tax and capital gains on 600k house
Replies: 2
Views: 1353

<t>not really that would be even more complicated if they transfer it back and then dont sell it for a few years there will be no actual way of konwing the exact price of the property at a given time bearing in mind it was valued quite high in the first place and they could get the same 600,00 valua...
by ric59
Thu Apr 06, 2006 4:25 pm
Forum: Tax Investigations and Enquiries
Topic: Inheritance tax and capital gains on 600k house
Replies: 2
Views: 1353

<t>A 70 year old lady has transfered the equity of her 600k property in equal parts to herself her son and daughter in an effort to reduce inheritance tax this was done in feb 2004 at which time the house was valued she continues to live there on her own ,as this is not going to be accepted as a gif...

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