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Daniel
Daniel, Solicitor
Category: Australia Law
Satisfied Customers: 5048
Experience:  Bachelor of Laws (dist) Graduate Diploma in Legal Practise. Admitted NSW Supreme Court / High Court
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I just sold the small property of my late mother in law

Customer Question

I just sold the small property of my late mother in law which I inherited a year ago after my husband passed away. Do I have to pay tax for the money I got by selling the property?
Submitted: 1 year ago.
Category: Australia Law
Expert:  insearchoftheanswer replied 1 year ago.

Hi. My name is ***** ***** I look forward to helping you.

Can you provide me a bit more information? What was the value of the property when your husband died? And, what was the sale price of the property? Thanks.

Customer: replied 1 year ago.
The value of the property was about AU $ 50.000 and it was the sale price as well.
Expert:  insearchoftheanswer replied 1 year ago.

Thanks for your response. It seems from your response that you are not in the U.S. I could not tell that from your original question. I will opt out so an expert from your country can help you with your question. Please do not respond to this post as it will only slow the process of such an expert picking up your question. Take care.

Expert:  Daniel replied 1 year ago.

Hello

I am an Australian Lawyer.
No, there is no tax payable

Expert:  Daniel replied 1 year ago.

Hello
If there is any further assistance I can be of, please let me know.
Please also leave feedback as to my service.