Hello - just looking for quick advice - i will prob go to an accountant for filing if there are any benefit of doing that, but just wanted to understand what type of liability we would be facing and what type of allowance if any is there for capital gains.
Inherited property from Family member to 4 siblings (all taxes / duties paid on the inheritance)
Sale Price - 76,000
Fees (Solictor /etc) 6,000
Net 70,000
70,000 / 4 = 17,500 - net gain per sibling
CGT @ 33% = 5,827 - liability per sibling.
is there any other allowance here - is this the approx amount due?
If that's it, does anyone know if it is easy / straightforward to submit a payment to Revenue w/o having to pay an accountant.
Appreciate any advice / input.
Inherited property from Family member to 4 siblings (all taxes / duties paid on the inheritance)
Sale Price - 76,000
Fees (Solictor /etc) 6,000
Net 70,000
70,000 / 4 = 17,500 - net gain per sibling
CGT @ 33% = 5,827 - liability per sibling.
is there any other allowance here - is this the approx amount due?
If that's it, does anyone know if it is easy / straightforward to submit a payment to Revenue w/o having to pay an accountant.
Appreciate any advice / input.