Posted on: 08th Nov, 2009 05:13 am
My mother inherited some raw land from my grandmother. The land had been in the family over 100 years. I now have the land. The only thing we have done is pay tax on this land forever. What kind of tax am I looking at, as we are selling it. thanks
Hi aw,
A similar query has been discussed on the following page:
http://www.mortgagefit.com/propertytransfer/landsale-capitalgains.html . I believe this will answer your query. However, for further queries, do feel free to ask the community.
A similar query has been discussed on the following page:
http://www.mortgagefit.com/propertytransfer/landsale-capitalgains.html . I believe this will answer your query. However, for further queries, do feel free to ask the community.