Inherit capital gains tax

[Michael B.]

How to avoid your children paying capital gains tax on millions of real estate when parent die? Ive heard you can put a percentage of building in the kids names so it will automatically go to them both or a very good TRUST

[Randall Alan]

Quote from @Michael B.:

How to avoid your children paying capital gains tax on millions of real estate when parent die? Ive heard you can put a percentage of building in the kids names so it will automatically go to them both or a very good TRUST

@Michael B.

As long as the asset is transferred at death (inherited) it receives a step-up in basis to where there is no capital gain at the time of transfer.  The gain would reset to the fair market value of the asset at the time of passing.  

See here:

https://www.investopedia.com/t...

All the best!

Randy