POA IHT CGT | AccountingWEB


new client problem - client was gifted house by mother in 2004 for 150k tho she continued to live in there till early this year when she went into council care home fees being topped up by the son.  house is now sold for £162k - am i right in concluding that a POA benefit should have been declared as none was, tho no tax is payable as its under the PA  (she is now 90) and that the capital gain is free under the DR conditions . also i feel it fell under gifts with reservation but as there is no money at all in the estate and client was on state benefits should i over worry 

There are 4 comments. Login or register to view them.


LyneT |
LyneT's picture


carnmores |

Wrt to IHT, as LyneT

campbed |

thanks again

carnmores |