Ownership structure
Our home property in SA can be divided into 9 blocks.
I have 5 children and want to give them a block each.
I need some guidance on the best way to set this up.
We have been told that we have to pay CGT on each block which could mean a tax bill of upto $400,000 on money...
Hi all,
Don't know if this has been covered but what are the legalities if this situation happened?
Just thinking out loud and don't mean to be morbid,just curious.
Cheers Spades.