LOSS ON SALE RELIEFS – CREDIT CRUNCH PROBATE!
18/02/2009
The current world of the credit crunch economy is a new risk in the administration of estates and trusts. The recent falls in value in quoted shares and real property do not make it easy for personal representatives to decide whether or when to sell these assets or transfer them to beneficiaries. Familiarity with the conditions which apply to the loss on sale reliefs for IHT is crucial to avoid costly mistakes.
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