• @[email protected]
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    122 hours ago

    As in if you inherit some assets valued at X, is it treated as an additional source of income for that year, or as a tax free gift?

    • @Raylon
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      314 hours ago

      In most places, if you’re a child or spouse of the deceased, you don’t pay any tax at all on it.

    • @[email protected]
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      14 hours ago

      Sometimes it’s taxed specifically as inheritance, but never as income as fas as I know.