Hi, just looking for some advice. My dad passed away and left one of his rental properties to my son. My son is 15. What happens the CAT demand? Do I have to pay this on behalf of my son or can it be transferred into a fund until he is 18 and then pays the CAT? There will be rental income from this property and it states in will that it is to go into a fund until he turns 18. Thanks for help and sorry if this was asked before
Thanks for the reply, my late fathers estate is being managed by a solicitor but he is old school and is saying nothing about the situation. That's great, I will seek tax advice.
thanks for help