Rosetta replied to the topic CGT on property left to relatives in England in the forum Legal & Accounting 5 years, 9 months ago
Lol, I think perhaps my brain capacity is pretty lost as I still cannot get my head round this scenario :)
Rosetta replied to the topic CGT on property left to relatives in England in the forum Legal & Accounting 5 years, 9 months ago
Hi Terry,
Thanks for the explanation. My aged brain takes longer to engage nowadays. It will take a bit of working out for me.
Thanks once again.
Rosetta replied to the topic CGT on property left to relatives in England in the forum Legal & Accounting 5 years, 9 months ago
Hi Terry,
Thank you for your kind advice.The first paragraph, although somewhat beyond my comprehension at the moment, sounds like a sound plan.I am a little confused by this sentence “There are other strategies to consider such as triggering a CGT event now, and plan to reduce it” Perhaps you could clarify this for me please
Our PPOR is the…[Read more]
Rosetta replied to the topic CGT on property left to relatives in England in the forum Legal & Accounting 5 years, 9 months ago
Hi Terry,
Thank you for your kind advice.The first paragraph, although somewhat beyond my comprehension at the moment, sounds like a sound plan.I am a little confused by this sentence “There are other strategies to consider such as triggering a CGT event now, and plan to reduce it” Perhaps you could clarify this for me please
Our PPOR is the…[Read more]
Rosetta replied to the topic CGT on property left to relatives in England in the forum Legal & Accounting 5 years, 9 months ago
Dear Terry,
I had wondered about a trust, but understood that there were great costs involved. On he other hand if it is a solution to the CGT problem, it may be worth looking into further. I will have a chat to our accountant about it. Thank you.
I am hoping that perhaps someone has some guidance regarding the assets be it either property or…[Read more]Rosetta started the topic CGT on property left to relatives in England in the forum Legal & Accounting 5 years, 9 months ago
Hello all, we have several investment properties acquired over 20 years. I thought I was a bit of an expert on matters relating to property. I actually owned my own real estate business up to a few years ago.Today my accountant answered a few queries and in one he stated that depreciation claimed on investment property is deducted from the cost…[Read more]
Rosetta became a registered member 5 years, 9 months ago