Whether CGT is imposed when selling inherited property?

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Sir, if one wants to sell his inherited property, whether CGT (Capital Gain Tax) is to be paid by the seller or not? And if CGT is applicable, from which period the time of three years shall be calculated? from the date of death or from the date of issuance of inheritance certificate, or what?

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Dear Mudassar,

CGT is calculated from the day of transfer of property in your name, regardless of how long the process took after the death.

Jazak Allah

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