Donate SIGN UP

Inheritance tax

Avatar Image
mwager | 16:35 Thu 16th Mar 2006 | Business & Finance
0 Answers

When a property is owned as tenants in common and one party dies, who's ownership share is bequeathed to the children. With a codicile that states the surviving party can reside in the said property until they decide to move or dies, at what stage is inheritance tax , if any, payable? And, is the tax payable at the current market value or the date when the first party died?

Gravatar

Answers

rss feed

Best Answer

Nobody has yet answered this question. Once some answers have been given, mwager will be able to select one answer as the best. Once a best answer has been selected, it will be shown here.

For more on marking an answer as the "Best Answer", please visit our FAQ.
There are no answers available for this question.

rss feed

Do you know the answer?

Inheritance tax

Answer Question >>