Wills and CGT
In article , Charles Hope
scribeth thus
In article ,
tony sayer wrote:
In article , F
news@nowhere.? scribeth thus
Following on from the Wills and executors thread...
I was left half a house by my father, my wife bought out the inheritor
of the other half. We've let it for a couple of years and are now
selling it. No doubt CGT will rear its ugly head so can anyone point me
to a clear and authoritative description of how to work out what we're
likely to have to hand over? I've Googled but not found the elusive
combination of clear *and* authoritative!
A very simple suggestion and well worth doing.
If you know an accountant then go and ask them, it's not usually quite
that simple and that sort of advice you would be well advised to take.
Accountant mind, not a solicitor. What I know of them is that they know
very little of tax and its implications but they do know how to charge
well;!(.....
an individual solicitor might not know about CGT, but most decent firms
will have a tax expert on the staff. My father's firm employed a retired
tax inspector as an "advisor".
Yes, had some experience of the legal firm's accountant and it hasn't
been good;(...
--
Tony Sayer
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