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.
Published: 24 September 2015 Last Updated: 17 November 2021