Asked by s***@yahoo.com
Dear Guru,
Thumbs up to you for bringing us such a great website !
Here's my question :
My parents bought a house in 1974. When my dad passed away in 1999, his share of ownership was passed to me, the only-son. Last year, when my Mom passed away, i became the sole owner.
(The house has been left vacant since my Dad's demise, as i relocated my Mom to stay with me in another town where i've been working & living with my own family).
Now i'm considering of disposing off this inherited property. I have two options:
i- sell the house as-is ;
ii- tear down & rebuild the house with contemporary design, before selling it (in order to fetch a better price).
Here's my Q: in either case, am i entitled to exemption of the RPGT ?
Kindly advice.
Thanks a heap !
Thumbs up to you for bringing us such a great website !
Here's my question :
My parents bought a house in 1974. When my dad passed away in 1999, his share of ownership was passed to me, the only-son. Last year, when my Mom passed away, i became the sole owner.
(The house has been left vacant since my Dad's demise, as i relocated my Mom to stay with me in another town where i've been working & living with my own family).
Now i'm considering of disposing off this inherited property. I have two options:
i- sell the house as-is ;
ii- tear down & rebuild the house with contemporary design, before selling it (in order to fetch a better price).
Here's my Q: in either case, am i entitled to exemption of the RPGT ?
Kindly advice.
Thanks a heap !
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