B
Ben
Yes, in principal that would be a good idea. But what happens later
when the parent owning the business portion of the estate dies. How is
CGT applicable in that instant? I know there is Business Asset Taper
relief for CGT and for IHT there is Business Property Relief, but you
have to remember that these will be pensioners soon and on death they
will not have been trading. Hence partial relief may only be
available.
Incidentlly, does nil rate band cover business assets inherited as
exempt?
when the parent owning the business portion of the estate dies. How is
CGT applicable in that instant? I know there is Business Asset Taper
relief for CGT and for IHT there is Business Property Relief, but you
have to remember that these will be pensioners soon and on death they
will not have been trading. Hence partial relief may only be
available.
Incidentlly, does nil rate band cover business assets inherited as
exempt?