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Capital Gains on estate property
11-04-2014, 06:34 AM
Post: #1
Capital Gains on estate property
My father passed in April of this year and since then we have rented his home as a holiday destination. My question is as the home was assessed at 900K by the provincial assessment authority, however we commissioned a processional appraisal which showed a fair market value of 1,200K. My brother wants to complete probate in BC using the assessed value and I want to use the appraised value as I understand the estate would be responsible for Capital gains since the date of death as their has been a change of use since then. Can anyone help me with this.
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Capital Gains on estate property - woodd7 - 11-04-2014 06:34 AM

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