18 November 2024 What is a Deed of Appropriation? During Probate, when an Estate asset is sold which has increased significantly in value, a Deed of Appropriation can reduce the Capital Gains Tax liability.
18 November 2024 Will Capital Gains Tax Be Charged on Shares during Probate? This will depend on whether they're being sold and, if so, whether they've increased in value since the date of death
18 November 2024 Do I Need to Pay Capital Gains Tax during Probate? Individuals and Estates are entitled to a tax-free annual exemption for Capital Gains Tax. In the 2018-19 tax year this allowance has been set at £11,700.
18 November 2024 Guide to Selling a Rental Property A rental property sale is similar to any other property sale, but there are a few important factors to consider when selling a rental property
18 November 2024 Can You Pay Funeral Expenses Out of the Estate Funeral costs can be paid from the deceased person’s Estate (T&C Apply), but you may have to wait until the Probate process has been completed.
18 November 2024 Do Beneficiaries Pay Capital Gains Tax on Inheritance? A Beneficiary will not usually be liable to pay Capital Gains Tax on their inheritance, as this will be settled by the Executor during Probate