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inheritance tax offset share losses

Last Out · 2013-12-28 17:41:41

If I were to inherit 100k from an uncle I'd be liable to tax of 33% on close to 70k. If I had a lot of bank shares on which I'd lost thousands could I offset the inheritance tax through selling them that year?

28-12-2013 5:41pm

#1

Last Out

Registered Users, Registered Users 2 Posts: 27 ✭

Join Date: January 2010

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If I were to inherit 100k from an uncle I'd be liable to tax of 33% on close to 70k.

If I had a lot of bank shares on which I'd lost thousands could I offset the inheritance tax through selling them that year?

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Comments

#2 28-12-2013 5:59pm

Alan Shore

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CAT Capital Acquisitions Tax

CGT Capital Gains Tax

One applies to inheritances and the other to capital gains don't get them mixed up as they are different taxes.

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