I had have inherited a property. Will this be included in my property count for ABSD purposes?

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Accepted Answer

Yes. For ABSD purposes, your property count includes not only properties that are purchased, but also those acquired or transferred through other means such as:

- Inheritance

- Gift

- Release

- Settlement

- Declaration of trust (where the beneficial owners are identifiable)

- Letter of authority

- Exchange

As such, an inherited property will be included in your property count when determining ABSD liability.

I had have inherited a property. Will this be included in my property count for ABSD purposes?

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