00:00If you inherit mum or dad's home, you inherit that property with a value equal to what it
00:04was worth on the day that they die.
00:06Now, there's a two-year window that allows you to keep that property, rent it out, do
00:11whatever you please, but if you sell that property within two years of inheriting it,
00:14you don't have to pay any capital gains tax whatsoever.
00:18If, however, you decide to keep the property, and that property increases in value over
00:21time, and you late subsequently sell the property, and it's after two years of owning
00:26it, any increase in value from the date of death or the value at the date of death ultimately
00:31becomes an accessible capital gain to you in time.
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