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Reply to "Inheriting in an obscure country"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]The answer depends upon the specific country. And most would be surprised at the requirements in many countries.[/quote] Yup. Even for Canada, property is considered sold when the owner dies and the estate is liable for capital gains calculated at market value at the time of death, even if there are multiple owners who inherit the decedent’s portion and the property isn’t sold. [/quote] The ownership issue is going to be taken care of - there is a will now and she is considering gifting it to her son now while she is still alive. [/quote]
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