To determine if the sale of an inherited property is subject to taxes, establishing your basis in the property is crucial. Generally, the basis is the fair market value (FMV) of the property on the ...
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Capital gains on inherited property: Can higher fair market value than stamp duty valuation be used?
The father, a Christian, had gifted his new redeveloped flat to his two daughters and his wife, each with a 1/3rd share, by executing a registered gift deed in April 2022. The completion certificate ...
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