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My mother inherited some raw land from my grandmother. The land had been in the family over 100 years. I now have the land. The only thing we have done is pay tax on this land forever. What kind of tax am I looking at, as we are selling it. thanks

jenkin7 · Posted: Mon Nov 09, 2009 12:42 am Post subject:

Hi aw,

A similar query has been discussed on the following page:
http://www.mortgagefit.com/propertytransfer/landsale-capitalgains.html . I believe this will answer your query. However, for further queries, do feel free to ask the community.

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capitol gains