Do We Pay Capital Gains Tax?
We moved from our family home recently on our retirement. Our daughter has agreed to buy it from us. Will we have to pay tax on the sale of this house even though we lived in it for 20 years?
We moved from our family home recently on our retirement. Our daughter has agreed to buy it from us. Will we have to pay tax on the sale of this house even though we lived in it for 20 years?
You can leave your estate to whom ever you wish. But there’s a right, and there’s a wrong way to do it. Let me show you the right way.
There’s a simple way to ensure all assets in your name pass to your family… one must to one’s best to avoid ademptioon.
The only reason one could say that is if they were comparing income to assets. That’s not even comparing
apples to oranges; it’s like comparing apples to motor cars.
All you wanted to know about lasting powers of attorney, but haven’t yet got round to asking.
By what ever circumstances, you come into an inheritance: before you take the cheque and run, your first thought should be ‘How do I save my family, several generations down the line, the burden of paying 40% tax on this gift for generations yet unborn?’
Despite the Australian comotion about a will in a text message, all wills must be written… here’s why.
All the assets on your computers, your tablets, the stuff you put on the internet, you social media stuff – what would like to happen to them?
It’s all very well helping your children get on the property ladder: but the hurt of all pain would be to lose the gift through divorce proceedings or by the machinations of people who are looking to reap where they have not sown.
It would be illogical for many to give up their homes to pay for their care in old age… if only there was a way to avoid the evil of it…