Capital Loss vs Inheritance Tax

[p walsh]

Hi,

i received a gift from parent of 150k to purchase a 575k property in 2006. i may sell it this year for 450k, hence a capital loss of 125k.

in the future, when calculating inheritance tax, i will have to inlcude the 150k and take it off the 280k exemption. my question is, can i use the capital loss against this inheritance tax?

tk you

 

[Gordon Gekko]

No, you can't unfortunately

 

[Easel]

As above, you cannot use the loss v's inheritance.

cross post

 

[RedOnion]

I don't think thats correct @Easel
CAT aggregation rules are based on absolute amounts, not percentages.

 

[Easel]

Yes you are correct. I double checked my info and edited appropriately