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Inherited assets and unrealised gains

Do you know about an unrealised gain on an asset passing under a will from a deceased person to a non-resident beneficiary?

It is an exception to the rollover relief which disregards any capital gain or loss made by the legal representative when an asset passes to a beneficiary of the estate.

There are planning techniques to reduce or mitigate the impact to the whole value of the estate.

Want more tax tips? Follow us @batescosgraveCA 

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