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Stamp duty on inherited property
Comments
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DOV with secondary consideration!
Look up the rules on DOV that include conditions of alternative remuneration.0 -
getmore4less wrote: »DOV with secondary consideration!
Look up the rules on DOV that include conditions of alternative remuneration.
[FONT=Verdana, sans-serif]The rules state that if any assets has been brought in from outside the estate and paid to the original beneficiary, to compensate for their loss, then the DOV may not be effective for tax purposes.
[/FONT] [FONT=Verdana, sans-serif]However this does not mean the DOV itself is invalid, only that its not effective for IHT and CGT purposes, but that does not seem to be a issue in this case.[/FONT]0
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