Tax implications when parents transfer investment property and personal residence property to children
Hello, I would like to know all the tax implications such as capital gains or other when parents transfer their investment property as well as personal residence property to their children.
For example: an investment property now worths $950,000 compared to the purchase price of $150,000…
Tax implications when parents transfer investment property and personal residence property to children
Hello,
An estate lawyer would be the best person to contact when it comes to tax implications regarding your specific situation. Unfortunately we can not estate advice, hope this helps!
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