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Posted Sat, 23 Nov 2024 18:05:15 GMT by marilyn
I inherited my husband's share 67% of our company. I already owned the other 33%. I'm now taking it through members voluntary liquidation and will receive the assets when that is complete. I expect to pay capital gain tax on this, but what is the gain from the inherited portion? Is it all of the 67% of the assets? or is it on the difference in value from the date he passed away and the date I receive the assets form the liquidator?
Posted Thu, 28 Nov 2024 10:36:37 GMT by HMRC Admin 20 Response
Hi,
This is too complicated a question to be answered in this forum.  
Please have a look at the gudiance at CG30320 - Death and Personal Representatives: Liability to the date of death and procedures onwards and contact our corporation tax helpline on 0300 200 3410 for limited companies and 0300 200 3310 for partnerships which are not part of a limited company.
Thank you.

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