I have inherited the property I live in from my mother. We wish to sell in the future but I am recovering from cancer and it is unlikely to happen within the 24 months following her death. The property is 3.24 hectares, which is 1.24 hectares over the main residence exemption size. Will I have to pay Capital gains tax on part of the land if I sell after the 24 months has passed or would I be exempt because it is my main residence that was left to me in her will?
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117 views1 replies
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117 views
1 replies