🏡 Inherited a property? Congrats… and condolences to your tax bill if you get this wrong. An inherited home can be a powerful wealth tool — but it comes with homework. Before you rush to sell, rent, or hold, make sure you understand Capital Gains Tax (CGT). Here’s what matters: 📊 The gain = what you sell for minus the property’s base cost (Base cost includes the original purchase price, upgrades, and transaction fees.) 💡 Only a portion of the gain is taxed. 💡 There are significant exemptions
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🏡 Inherited a property? Congrats… and condolences to your tax bill if you get this wrong. An inherited home can be a powerful wealth tool — but it comes with homework. Before
Leapfrog Property Group. . 🏡 Inherited a property? Congrats… and condolences to your tax bill if you get this wrong. An inherited home can be a powerful wealth tool — but it comes with homework. Before you rush to sell, rent, or hold, make sure you understand Capital Gains Tax (CGT). Here’s what matters: 📊 The gain = what you sell ...
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