Posted on: 08th Feb, 2011 02:35 pm
I would like to sign my property over to family, but don't want them to pay a gift or inheritance tax. Is it possible for the property to just change hands. They would be responsible for property tax after the deed is transferred.
Hi Guest,
You can sell the property over to your family for a stipulated amount. Thus, you won't have to pay the gift taxes or they won't have to pay any inheritance tax.
Thanks
You can sell the property over to your family for a stipulated amount. Thus, you won't have to pay the gift taxes or they won't have to pay any inheritance tax.
Thanks