Limits for family gifts and CGT
|
|
|
| Author |
Message |
hillyer
Apprentice
Joined: 07 Jul 2006
Posts: 8
|
 Posted: 01/02/08 - 06:28 Post subject: |
 |
|
| I am interested if there are some limits for family gifts when it comes to inheritance and CG tax. I heard that some CGT can be escaped for transferring property to children as a gift so I wonder what the limits in value are. Any one knows something about this topic? If so I’d like to hear your opinions. |
|
|
Back to top
|
|
|
|
 |
travers
Apprentice
Joined: 03 May 2007
Posts: 6
|
| Posted: 02/01/08 - 01:55 Post subject: |
|
|
| You can avoid capital gain tax if you are transferring property such as real estates to your children. But I don’t think that you can escape from inheritance tax but I think that you can keep out from gift tax if you give away 12,000 per year to as many individuals you want including family. |
|
|
Back to top
|
|
|
|
|
|
  |
All times are GMT
|
| Page 1 of 1 |
Related topics: | |
|
|
