The following Trusts and Inheritance Tax guidance note by Tolley in association with Peter Gausden, Consultant Solicitor at Rowlinsons provides comprehensive and up to date tax information covering:
This guidance note specifically addresses issues on the payment of capital to beneficiaries, including transfers to and disposals by legatees along with some practical considerations for personal representatives and beneficiaries. The note should be read in conjunction with the following notes:
For capital gains tax purposes a ‘legatee’ is:
TCGA 1992, s 64
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