The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Road Walker who wrote (1863)	2/23/2002 9:15:28 AM
From: Steve Lee	Read Replies (1) of 306849

Interesting. In my country the difference between purchase/inheritance price and selling price is a capital gain or loss. It can only be offset against other capital gains/losses, not against income. But a low selling price close to time of inheritance can get the inheritance value adjusted down, which will reduce inheritance tax. Normally though, on the properties I have bought, inheritance tax isn't an issue cos u r allowed to inherit a sum well into the six figures (I think it is £185.000) before paying any taxes on the remainder above that amount.

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