I have inherited some money and the real property. Do I need to pay inheritance tax?

An inheritance is not taxable unless you are advised by the executor that a part is taxable. However, if you earn income from the interited money or assets, any earnings will be taxable or sell the assets, it may be subject to capital gain.

Was this article helpful?
2 out of 2 found this helpful
Have more questions? Submit a request

Comments

0 comments

Please sign in to leave a comment.