Inherited property can be a significant gift for your family. In order to avoid paying capital gains tax on the inheritance, you might have to pay income tax on the transfer in addition to that. This article covers the process of how to avoid capital gains tax on your inherited assets. What are Capital Gains? When you sell or inherit a property, you may have to pay capital gains taxes. Capital gains are the difference between the price you receive for your property and the price you paid for it. If you sell your property for ...Read more
