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Q: Do you have to pay capital gains tax on property inherited from a will?
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Do you pay capital gains on inheretence?

Yes it is possible that you could have to pay some capital gains tax on the sale of some inherited capital assets.


Do you have to pay capital gains taxes on an inherited property that was sold and inheritance taxes were already paid on the estate?

On the amount the property went up in value from the value used in calculating the estate tax


Does an llc. corp. have to pay capital gains on the sale of real property?

Yes, of course,


Does the buyer have to pay capital gains on the seller's concession if the property in question is for investment and not primary residence?

No!


Does capital gains tax apply if parent adds children to title of property?

Assuming the children did not pay for the property (whether in cash, goods, services, assumption of debt), capital gains tax does not apply. Gift tax may apply. However, when the property is sold, the children may owe a capital gains tax.


Do New York State residents have to pay New York State capital gains tax on sale of an out of state property inherited 30 years ago?

Yes. Federal tax is due on the gain also.


Do you have to pay capital gains tax when selling a property?

Capital gains tax is a tax on capital gains if when you sell or give away an asset it has increased in value you may be taxable on the gain this doesnt apply when you sell personal belongings worth six thousand pounds or lesss nor will you have to pay capital gains taxwhen you sell your main home provided certain conditions are met but you will be required to pay cgt on any other properties which you own ie if you own a villa in forta ventura and decide to sll it then any profit you make will be taxable as a capital gain Whether you pay capital gains on a property is determined by a number of different variables. To get an explanation on capital gains taxes see: http://www.sellmyhomeinmetrowestma.com/Capital_Gains/page_2233154.html


Do you have to pay capital gains tax on the sell of an inherited property in State of Virginia on full sell price or is the assessed value of the property at the time of inheritance exempted?

This is possible and it will NOT be the assessed value that will be used to determine the taxable amount if any after the income tax return is completed correctly.


what do I pay in capital gains for 70,000 dollars ?

If I get a severance package check for $120,000.00 how much is withheld in taxes, I live in NY? what do i pay in capital gains on 100000.00 dollars


Do you pay capital gains tax on your first house?

Yes it is always possible that may be required to pay some capital gains tax on the sale of your first house.


Do people have to pay income tax on realized investments after they pay capital gains tax?

No. You will not pay income tax in addition to capital gains tax if I understand you correctly. However, capital gains tax for an individual is reported and paid on your 1040 income tax return. The only difference is that the rate for capital gains taxes is lower than the regular income tax levels.


When you sell a rental propery you have had for seven years how much capital gains tax can you expect to pay?

It all depends on how much the property has gone up in value.