Posted 11/8/2012 05:08 (#2685307 - in reply to #2685038) Subject: Re: Inheritance tax on Farmland ?
So to save the cost of Estate tax when you die, the land you leave for your kids will be accrueing taxes on inflation at a 55% rate instead of the new capital gains rate of 20%? That sounds even worse than holding land in a corporation subject to 35% capital gains.
Am I looking at this wrong?
Can't your trustee sell the land and put the money in a bank against the wishes of your children? That happened to someone here on NAT.