An adopted child loses rights to the natural parents estate(logic being,presumably, that having obtained rights to the adopted parents estate, he/she cannot have it both ways).
However if an adopted child receives a gift or inheritance from natural parent the child is given the benefit of the higher tax thresholds.i.e those of a parent. I think this is as a result of changes to the CAT legilation say 10 years ago or so.
Its an anomaly but I think a fair one!
However if an adopted child receives a gift or inheritance from natural parent the child is given the benefit of the higher tax thresholds.i.e those of a parent. I think this is as a result of changes to the CAT legilation say 10 years ago or so.
Its an anomaly but I think a fair one!