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Gift & property taxes on "gifted" land

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LUCKYDIL

Junior Member
What is the name of your state? California. My Mother-In-Law is considering "gifting" a piece of land to my husband. The land contains a residence which she would be vacating. Would either she or us incur gift tax? We have thought of building a new home on the land. What would happen to the property taxes on the land? Who would I need to consult about this- a tax lawyer or real estate lawyer? Thanks for any info you can supply.
 


Snipes5

Senior Member
Consult an Enrolled Agent for the tax angle, and a Real Estate attorney for the real estate angle.

Snipes
 

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