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Do you pay capital gains tax on inherited property
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My brothers and sisters and I acquired my moms property on a Life Estate in 1998. She passed away in 2008 and we are now selling the property to one of my brothers. We are selling the property to him for what it was worth in 1998. Which is 120,000. Will we have to pay any capital gains tax on...
Will I have to pay Capital Gains Tax
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My mother died 3 years ago. I have been living in her house ever since as we could not sell it. We had it valued for probate and once it is sold will tell the Capital Taxes office of the price so we can pay any further Inheritance tax due. However Will I have to pay Capital Gains please.
Do I pay capital gains tax on paintings I inherited from abroad.
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I was resident abroad. Am in SA for the past 5 years. I inherited paintings from Italy. Some of the paintings was sold abroad.The money is in an account abroad. What do I pay tax on? What are the capital gain tax implications
Do I pay Capital gains on property sold in Italy?
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I am a US Citizen and US resident, but I own real estate in Italy. I wish to sell it, and in Italy there are no capital gains taxes on real estate. My question is, must I pay capital gains on this property here in the States? Thanks! Sal View more questions Search
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