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Level 2
November 16, 2022
Question

Inherited house from foreginer

  • November 16, 2022
  • 1 reply
  • 19 views

I will inherit a house from my father living in China. My father is a Chinese citizen. If I keep the house and sell it a few years later, do I need to pay tax on the house? If sell it right away, do I still need to pay tax? If I sell it a few years later, will it be considered to be my own asset instead of an inherited asset? 

    1 reply

    Mary122Author
    Level 2
    November 16, 2022

    Can any experts answer my question?