How to sell a property after someone dies
When the death occurs in the real estate it is a very sensitive situation. How to deal with it? And what about if the tragedy or suicide happened there?
When the death occurs in the real estate it is a very sensitive situation. How to deal with it? And what about if the tragedy or suicide happened there?
Under Section 4 of the Income Tax Act, you are exempt if you have owned a property or cooperative apartment for more than 5 years. For details, see the article What is income tax on the sale of a property.
The good news is that, in the Czech Republic, heirs do not pay inheritance tax or income tax. However, they must pay the notary's fee, as well as reimburse them for their costs and other expenses associated with the formalities of inheritance.
Death is usually associated with grief. Especially when it comes to your parents, grandparents or other close relatives.
