Hi Alan, My client(nephew)has inherited a house from his uncle and will be liable for IT. Some years ago the nephew contributed 50% of the cost of building the uncle's house.(same house) Q.The contribution by the nephew was a gift to the uncle? Q.The nephew will now inherit 100% of the house at current market value from the deceased uncle? Or is there some way the nephew can inherit 50% of the house that would allow for his contribution toward build cost some years ago?
Marked as spam