This reminds me of "that man's father is my father's son..."My in-laws are looking to gift a property to our adult son.
My questions are, what gift/inheritance tax would my son be subject too, if he were to accept his grandparents offer? Who revalues the property?
My in-laws are looking to gift a property to our adult son. The property is valued at 100k.
We believe a valuation of 100k is grossly exaggerated considering the location of the property.
My questions are, what gift/inheritance tax would my son be subject too, if he were to accept his grandparents offer? Who revalues the property?
Very much appreciated.
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