I don’t know how much it varies by jurisdiction, but in the USA there’s some weirdness in handling of cost basis and capital gains for inheritance of real estate that doesn’t apply to more liquid assets. Effectively, heirs can pay less taxes on the gains from real estate if they inherit rather than buying an appreciated asset.
I don’t know how much it varies by jurisdiction, but in the USA there’s some weirdness in handling of cost basis and capital gains for inheritance of real estate that doesn’t apply to more liquid assets. Effectively, heirs can pay less taxes on the gains from real estate if they inherit rather than buying an appreciated asset.