Death And Capital Gains Tax In 2012
Last week we looked at the capital gains tax calculation where Paul passed away in 2011. Today we’re looking at the exact same situation but from a 2012 financial planning perspective. Was Paul better off in 2011 than 2012? Let’s find out… Remember that this situation applies from March 2012 onwards: Paul has two major […]
Death And Capital Gains Tax In 2011 – An Actual Example
Last week I promised to show an example of an actual capital gains tax calculation where someone has passed away in 2011. If you can recall we discussed the fact that death is seen as a disposal of all assets on the day prior to death. So even if no asset is actually sold it […]
Death And Capital Gains Taxes In 2011
So when it comes to financial planning, what on earth does capital gains tax have to do with dying? Well, as it turns out…quite a bit unfortunately! You see before we can get around to winding up the estate and dishing out assets left right and centre, we need to wind up the deceased’s income […]