Capital Gains

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT student discussion
Hello can someone tell me how the exemption rule works for deceased people. Is it just that if someone has died and their belongings are sold capital gains tax won't come out of the estate? But would inheritance tax then be applied on this money before being given to person inheriting it?

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Capital Gains

    The estate will deal with all this. Inheritance tax is very complex and cannot be gone through on a thread.

    You may need to obtain specialist advice.

    kind regards
    Steve
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Capital Gains

    When I inherited some money, the inheritance tax was deducted before I received it.

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