n Tax Breaks Newsletter - Taxing issues

Volume 2009, Issue 285
  • ISSN :



A question I am often asked is around the tax implications of writing off loan accounts when someone dies. This is a common situation when benevolent parents loan money to their children (rather than donate, since this attracts Donations Tax), and then "write off" the loan in their wills when they die. However, a nasty CGT surprise awaits if you get it wrong

Loading full text...

Full text loading...


Article metrics loading...


This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error