• @vin
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    11 month 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?

    • @[email protected]
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      31 month ago

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

      • @vin
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        11 month ago

        Thanks for the context!

    • @[email protected]
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      1 month ago

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