No IHT! No CGT! Wow!!!

No IHT! No CGT! Wow!!!

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Husband died 1971 and left a life interest to widow. Trust comprises quoted shares worth £1 million having CGT base cost of £200,000. On death of widow will the trust assets pass to her children free of IHT and CGT? Seems too good to be true but that's how I read the Estate duty rules. Are there any catches?

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By ACDWebb
03rd Dec 2010 10:51

As I recall

this is possible, because the original estate suffered Estate Duty

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