Some advice needed on capital gains and inheritance tax?
I have recently inherited a share of an estate which has taken around 5 years to sort out. The main part of the estate was a property and some land which has gained in value since the inheritance tax was paid....
Answered 6/25/2007 | View Answer | See Question
My father has £80,000 in savings and has just sold his house for £80,000 which gives him a total estate of £160,000. He has no other assets. This puts his entire estate under the £300,000 inheritance tax threshhold....
Answered 4/3/2008 | View Answer | See Question
Gift tax, inheritance tax. can someone please explain how and what we do?
This is complicated.. but we are very confused about how this should be handled. My uncle recently passed away, leaving his sister (my mother) his entire estate, which is worth about 1.5 million. As part of an...
Answered 12/7/2008 | View Answer | See Question
Advice on a land inheritance in devon?
Hi all, I'm hoping to get some advice about a possible inheritance of some property. My girlfriend's aunt is elderly and has a bit of property (several acres) with a fairly large house situated in Devon....
Answered 1/15/2008 | View Answer | See Question
Tax advice on a gift i'll be getting?
My cousin died and left around $300,000 to my mom in her will. My mom has the check and wants to split it between me and my sister - but we want to hold out the amount for gift tax. From googling, it looks like...
Answered 4/30/2008 | View Answer | See Question
Do you pay income tax on regular gift income?
If I began making a monthly gift payment to my mother out of my regular income, would she have to pay income tax on that money? Really grateful for any advice. I've found plenty of info relating to the Inheritance...
Answered 5/9/2008 | View Answer | See Question
High interest zero tax! uk only!?
im after something for my dad to put money into to avoid the whole inheritance tax scandal!! my house alone is beyond the limit for inheritance tax limit!! any advice for what my dad can do to avoid me becoming...
Answered 2/9/2007 | View Answer | See Question
How to change the name on the deed to a house?
I need some advice. My grandmother who is elderly wants to change the name on the deed of her house over to me. She tells me that she wants to leave the house to me when she passes, but doesnt want me to incurr...
Answered 6/20/2008 | View Answer | See Question
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