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Asset value increase before probate

  • 13-03-2019 10:37pm
    #1
    JansheerKahn
    Registered Users, Registered Users 2 Posts: 44 ✭


    Asset worth 200k at death.
    Lengthy probate and value for CAT 220k.
    Base cost for CGT is 200k.
    CAT assessed on 220k.
    Is this not penal as base cost should also uplift for future disposals?


Comments

  • #2
    Calahonda52
    Registered Users, Registered Users 2 Posts: 12,878 ✭✭✭✭Calahonda52


    JansheerKahn wrote: »
    Asset worth 200k at death.
    Lengthy probate and value for CAT 220k.
    Base cost for CGT is 200k.
    CAT assessed on 220k.
    Is this not penal as base cost should also uplift for future disposals?

    They are two different tax regimes.

    If it was not this way you could just delay the probate and "bury" the gain before probate.

    “I can’t pay my staff or mortgage with instagram likes”.



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