TL;DW
If it’s your primary residence, zero.
If it’s a revenue generating secondary property, an extra 20k for every 400k of gains.
I love that the “wealth manager” they interviewed is making such a big deal about how it will affect people who would never have need of his services because they’ll never have wealth, let alone enough to need management. Playing up the “imagine being taxed because your mom died!” angle.
Imagine a new lead-in. The fleek litchally base lul crowd has overused that phrase so much it’s now a misophonia trigger.
But it wasn’t her house. Shortly after mom passed on, it’d be Your house. That’s how inheritance works.
Touche.
Imagine you sold your spare house, months or years after your mother died.