Charleston · Selling

What taxes apply when selling an inherited home in Ravenel?

Selling an inherited Ravenel home generally triggers capital gains tax only on appreciation above the stepped-up value set at the date of death, not on the full sale price. South Carolina also charges its standard deed recording fee at closing, customarily paid by the seller. Because inherited-property tax treatment depends on individual facts, heirs in Ravenel should confirm their specific basis and any gain with a CPA before listing.

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