Ian Raspin

Cgt on a Deceased Resiidence - A Tax Minefield! Ian Raspin

One of the largest assets of a typical deceased estate is often the deceased's principal place of residence. What is often inadvertently overlooked is that the sale of the residence may trigger a number of Capital Gains Tax issues for the estate. Given that executors can be held personally liable for income tax liabilities post the distribution of the estate's corpus, it is critical that practitioners familiarise themselves with the many idiosyncrasies relating to this particular estate asset. This book discusses the issues that should be considered in assessing the possible Capital Gains Tax implication on the sale of the deceased's residence. It clearly sets out the critical dates and time frames, and provides a number of case studies to assist estate practitioners seeking clarity on this specific and complex area of estate taxation.