How does leaving a property in a will to someone in the US affect their tax situation?


A

Alan Holmes

I want to leave my daughter half the house I part own, on my death,
would she be liable for any extra taxes because she now owns
property in Great Britain?

Alan
 
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P

Paul A Thomas

Alan Holmes said:
I want to leave my daughter half the house I part own, on my death,
would she be liable for any extra taxes because she now owns
property in Great Britain?

It wouldn't be taxable to her as income under US tax laws. Some states may
have an inheritance tax on inherited items.

I don't know what her tax obligations to Great Britain would be, upon
inheriting the house, during her ownership of the house, or when it get
sold.

Talk to someone over there that is familiar with the laws.
 

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