Q: What is the Inheritance tax on real property laws in Puerto Rico for non residents?
I inherited a house in Puerto Rico from my mom after her passing. She was a resident of PR but I am not. What % do I have to pay for taxes? Is that percent on the net gains?
Can I reduce the tax by including improvements and mortgage payments that I made after her death?
Thank you!
Nancy
A: While there are probably some attorneys barred in NC and Puerto Rico, there are not many. You will get much better advice posting this on the Puerto Rico portion of this page if one exists.
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