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CGT
Laurieo
Posts: 19 Forumite
in Cutting tax
After being left equal shares in a family business ,we have now had an offer to buy the business.
The business had been run down and nearly closed during covid but is now running at a profit .
Is it the value taken from the time of inheritance that would be used to calculate CGT ?.
Would this be up to each individual to pay this tax or the company directors .
Thanks
The business had been run down and nearly closed during covid but is now running at a profit .
Is it the value taken from the time of inheritance that would be used to calculate CGT ?.
Would this be up to each individual to pay this tax or the company directors .
Thanks
0
Comments
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Anyone who acquired shares would (individually) need to pay CGT if the gain from acquisition (via inheritance) to disposal exceeded their annual CGT threshold.1
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1
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