@ixs
So you're saying it's a pretty strong incentive to not keep the inherited house, but to somewhat quickly sell it, at not too inflated a price? 🤔 @rysiek
@viq@rysiek Unclear. It really depends on the other laws on the books.
Some countries have laws that result in a house being inherited tax-free if one is living there or moving in within 6 months after the inheritance.
That would only incentivise you to move in there but keep it.
Does seems like a sensible rule to me.
Then there are countries where inheritance is expensive but gifting the house to a registered legal entity is free.
So you write the house over to the family trust and done. Taxfree inheritance.
What you are suggesting, being incentivised to sell the place in order to pay the inheritance taxes, that's what poor people do (or are forced to do).
Rich people do not pay inheritance tax. And the excess wealth tax is something along the same lines.
@viq@rysiek Unclear. It really depends on the other laws on the books.
Some countries have laws that result in a house being inherited tax-free if one is living there or moving in within 6 months after the inheritance.
That would only incentivise you to move in there but keep it.
Does seems like a sensible rule to me.
Gregory's Server
@viq @rysiek Unclear. It really depends on the other laws on the books.
Some countries have laws that result in a house being inherited tax-free if one is living there or moving in within 6 months after the inheritance.
That would only incentivise you to move in there but keep it.
Does seems like a sensible rule to me.
Then there are countries where inheritance is expensive but gifting the house to a registered legal entity is free.
So you write the house over to the family trust and done. Taxfree inheritance.
What you are suggesting, being incentivised to sell the place in order to pay the inheritance taxes, that's what poor people do (or are forced to do).
Rich people do not pay inheritance tax. And the excess wealth tax is something along the same lines.
@viq @rysiek Unclear. It really depends on the other laws on the books.
Some countries have laws that result in a house being inherited tax-free if one is living there or moving in within 6 months after the inheritance.
That would only incentivise you to move in there but keep it.
Does seems like a sensible rule to me.