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Executors account and Stamp Duty questions
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Ah yes, thank you. Not an issue for her, so that's where her selfish accountant brain was going. Sadly, not thinking about her brother.Keep_pedalling said:
CGT won’t be an issue for her as it is her main residence, it will however be an issue for the OP’s husband. Under declaring the value was a really stupid thing to do as his estate was miles away from being liable for IHT.thegreenone said:Is Sister aware of Capital Gains Tax? Holding on to the property, under-valuing it and not using the Nil-Rate Band could have cost the estate dearly. If sister has mismanaged, it should come out of her portion. Your husband needs to step up to his sister and employ a solicitor.
Capital Gains Tax to pay for the 2023 to 2024 tax year - Calculate your Capital Gains Tax - GOV.UK
I did some basic, guesswork calcs based on what you have told us above and CGT comes out at nearly £30k. Will stand corrected.
And she was worried about IHT.0
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