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Re: Bad news, GC

By Slim Jim12/10 21:56Thu Oct 12 21:56:34 2017In response to Re: Bad news, GC

Views: 429

The deceased is taxed on income, then distribution, and I don't think the same money should be taxed twice, even if it's post death. However, I don't think we'll agree and it's pretty irrelevant to the discussion so I'm happy to let it lie.

Clearly it's not irrelevant here. I don't think it's acceptable to subject an individual's money to tax twice. If they want to leave it to their children or grandchildren (better?) they should be free to do so.

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