What taxes do heirs pay when selling an inherited home in Hanahan?

Heirs selling an inherited Hanahan home generally owe capital gains tax only on appreciation above the stepped-up basis, the value set at the date of death, plus South Carolina's standard deed recording fee due at closing. There is no separate inheritance tax in South Carolina. Because basis calculations depend on each estate's specific facts, Hanahan heirs should verify their numbers with a CPA before setting a list price.