Chargeable disposal

This topic has 1 reply, 2 voices, and was last updated 8 years ago by Tax Tutor.

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May 17, 2018 at 3:56 pm #452475
sliwen
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Hi,
I’m just wondering whether a bequest of a house in the will of a mother to her daughter will be a chargeable dispoal for capital gains tax purposes?

I would really appreciate with a short description to why this is or is not the case.
May 21, 2018 at 3:03 am #453056
Tax Tutor
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There is NO CGT on death and assets pass to the beneficiaries at their probate value (OMV).
The chargeable estate of the deceased will however be subject to IHT!
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