Arms Length Property Sale

  • Arms length sale of property.
  • Was the sale independent or did it involve an element of benevolence?
  • This is about whether a property was sold at market value as opposed to bequeathed to a beneficiary.
  • There are tax and legal implications see Capital Gains
  • This begs the question, was the sale merely a gift?
  • Independent valuations avoid such questions.

What are your thoughts?

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