business capital gains on inherited property can higher fair market value than stamp duty valuation be used

Capital Gains On Inherited Property: Can Higher Fair Market Value Than Stamp Duty Valuation Be Used

6hrs 14mins   👁 3

Following the father's gift of a flat to his family, the daughters inherited shares after the mother's passing. With plans to sell the property, they need to calculate capital gains based on the father's cost and the fair market value at the time of acquisition