Friday, September 12, 2025

If we sell or develop land transferred to my brothers by my grandfather, how will LTCG be taxed?

My grandfather and his brothers had purchased some land, which had been held in a private family trust. The property was then transferred to all the grandsons equally. Now, if we decide to sell the land or develop it for sale, how will the long-term capital gains be taxed?

from Tax-Wealth-Economic Times https://ift.tt/V6ZmIFt

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