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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.
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.
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Disclaimer
The material and contents provided on this website and in our print, email or downloadable publications are informative in nature only. It is not intended to be advice and you should not act specifically on the basis of this information alone. If expert assistance is required, professional advice should be obtained. Liability limited by a scheme approved under Professional Standard Legislation.
The material and contents provided on this website and in our print, email or downloadable publications are informative in nature only. It is not intended to be advice and you should not act specifically on the basis of this information alone. If expert assistance is required, professional advice should be obtained. Liability limited by a scheme approved under Professional Standard Legislation.
