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<blockquote data-quote="Cowboymom" data-source="post: 295269" data-attributes="member: 2278"><p>Hope they don't have inheritance taxes in Canada. In this country, they would nail you for buying land under valued. Like DH said, capital gains will kill you, if they have them in Canada?</p><p></p><p>We have paid inheritance taxes on the same ranch three times, the lawyers are still trying to figure out if we need to pay it a fourth. This is with gifting and every tax advantage we could take. Property values just went up too high. It is like buying the same land all over again every thirty years or so. </p><p></p><p>Least we are able to keep the ranch. Some people are not so lucky.</p></blockquote><p></p>
[QUOTE="Cowboymom, post: 295269, member: 2278"] Hope they don't have inheritance taxes in Canada. In this country, they would nail you for buying land under valued. Like DH said, capital gains will kill you, if they have them in Canada? We have paid inheritance taxes on the same ranch three times, the lawyers are still trying to figure out if we need to pay it a fourth. This is with gifting and every tax advantage we could take. Property values just went up too high. It is like buying the same land all over again every thirty years or so. Least we are able to keep the ranch. Some people are not so lucky. [/QUOTE]
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