Bottle517 Duxbury
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RE: Triggering CGT
Ok thanks -
RE: Triggering CGT
So if I drop my name of 10 hectares that’s got a building worth double what 10 hectares on it and the other person drops there name of the other 10 hectares of land without a building on it I would be liable for capital gains tax as I would have effectively signed away my joint ownership of a building? -
Triggering CGT
Hi My question is this If two parcels of land have the same joint /tenants owners ,so four joint owners on both If one tenant removes there name from one parcel of land leaving three names on the deed so that’s ABCD becomes ABC and a different tenant(not the tenant that’s been dropped from the previous deed is removed from the other parcel of land so that would be owned by BCD So ABCD land split becomes, Parcel 1 ABC owned Parcel2BCD owned If parcel 2 had multiple buildings on it and parcel 1was just grass land wouldn’t there be a value difference triggering a capital gain on the transfer /deed name removal?? Thanks!