‘We requested advice concerning the application of Inheritance Tax and Capital Gains Tax on transactions in a property held as tenants in common, by the Executors of an estate and the Trustees of an Interest in Possession Trust. McKie & Co produced a Report which clearly set out the application of the relevant tax provisions to those transactions, the effect that differences in valuations might make to the tax charges arising on them and the resulting issues in respect of returns and accounts, assessment and limitation periods and penalties and interest. Their Report was clear, precise and practical.’
David Weeden
Hamilton-Eddy & Co