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Selling Inherited House

Selling Inherited House

Old Sep 16th 2019, 7:07 pm
  #1  
TRC
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Default Selling Inherited House

Hi All,

Unfortunately I had a death in the family a few months ago and the house was left to me.

Now I will be selling the house, I want to go through the correct channels not to piss the CRA off. So any advice would be appreciated, I'm wondering if I should have the sale transferred to my UK account, then use ForEx to transfer to my account rather than use the banks exchange rate, or if this would cause issues.

Do I have to contact the CRA to tell them I have sold a house, or will I do that all on my tax return?

Thanks

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Old Sep 17th 2019, 3:08 pm
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Default Re: Selling Inherited House

Maybe a bit more information- I am assuming from your comments that the house is in the UK? Any inheritance tax due to be paid in the UK?
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Old Sep 18th 2019, 6:39 pm
  #3  
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Default Re: Selling Inherited House

There shouldn't be any inheritance tax house will be sold for less that £150k
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