Self Aquired Vs Ancestoral Property?

Self Aquired Vs Ancestoral Property?
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Answer :

Depends on the laws of the country. In some countries, inherited wealth and property is taxed differently than property that was purchased. This has to do with historical title to the property and whether it was a royal grant (or not) or has some previous ownership issues. In the US this plays into figuring the gain in the event that the property is sold or transferred in the future.
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