Inherited house - how much of tax?

mason · Apprentice Joined: 27 May 2007 Posts: 8

My uncle left me inheritance, for the first time I’m going to own a house, that was known much before his death. Now I should take care of all the details, but I’m worried about taxes. Am I going to be able to pay for them? I’m unemployed, I have never even worked before, and so I have no resources which would help me to pay for this tax. Tell me, to know in advance, how much tax am I going to have to pay for, approximately? I don’t want to sell it, that’s not an alternative. A house is big, 3 floor building, with garage and not so small yard.

ariela · Apprentice Joined: 27 Sep 2004 Posts: 5

If that house is worth a lot than your tax is going to worth a lot, too. Truthfully, it is going to be hard on you. If you have no salary, I don’t know who supports you, in any case you have problem, if you don’t want to sell. I’m not sure if you are in a position to try to avoid your inheritance tax. That could be possible if you are supported person, student, or if you are not old enough. Or you can, at least, try to lower your taxes, on that account.