We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
capital gains
stamp_duty
Posts: 4 Newbie
Hi,
I am soon (beginning of next year) to be gifted a property currently ownee by a registered company. I am wondering if the capital gains tax/inheritance tax implications are different from if it was an individual person that gifted me the property.
E.g. would there be an addition cgt rate due and how would the 7 year death rule for exception from inheritance tax work given it is a registered company that currently owns the property.
Any help would be very much appreciated.
Thanks, J
I am soon (beginning of next year) to be gifted a property currently ownee by a registered company. I am wondering if the capital gains tax/inheritance tax implications are different from if it was an individual person that gifted me the property.
E.g. would there be an addition cgt rate due and how would the 7 year death rule for exception from inheritance tax work given it is a registered company that currently owns the property.
Any help would be very much appreciated.
Thanks, J
0
Comments
-
stamp_duty said:Hi,
I am soon (beginning of next year) to be gifted a property currently ownee by a registered company. I am wondering if the capital gains tax/inheritance tax implications are different from if it was an individual person that gifted me the property.
E.g. would there be an addition cgt rate due and how would the 7 year death rule for exception from inheritance tax work given it is a registered company that currently owns the property.
Any help would be very much appreciated.
Thanks, J
Here's some information to get you started:
https://www.gov.uk/tax-sell-property/businessesMortgage started 2020, aiming to clear 31/12/2029.1
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604.1K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards