Differences

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--- cottage [2025/06/12 20:25] – donald
+++ cottage [2026/08/23 01:44] (current) – [2025 08 20] donald
@@ Line 1: / Line 1: @@
 ====== Cottage ======
+===== 2025 08 20 =====
+  * washer is kenmore 4240090
+  * lockbox is 2316
-====== Cottage ======
+===== 2025 06 12 =====
+  * kitchen fridge 24 x 60
+===== Inheriting =====
+  * Cottage was appraised at $1,155,000 in 2017.
+  * From Doug 6/11/2025 <code>    Yes, your heirs get the appraised basis at the time of your death as their basis.
+    But, your estate pays capital gains on the difference between the basis you got from Mom and the appraised
+    basis (value) at the time of your death.  Establishing your basis via documents may be necessary.  It was
+    with Bruce’s estate.
+    Plus your estate will pay a “transfer tax” based on the appraised value at the time of your death in
+    addition to  capital gains.   No basis or deductions.
+    Bruce’s transfer, legal fees, accountants and taxes of all kinds has cost $18,000 USD so far, and I
+    think it is done, but he only owned it for less than 2 years.
+    To pay capital gains you need to file a tax return and write the check on a Canadian bank.
+    Plus his was a “foreign owner” estate.  Another reason to tell you “it’s complicated” and take a bit
+    more of your money. </code>
 ===== Legal description =====
-Legal description: 2 - 1123 PLEASANT VW PT RD CON D PT LOT 31 in The Township of Muskoka Lakes Roll #  445304002204100.0000
+- 1123 PLEASANT VW PT RD CON D PT LOT 31 in The Township of Muskoka Lakes Roll #  445304002204100.0000
-My one third (1/3) interest in the property at 2 - 1123 Pleasant View Point Road, Port Carling Ontario P0B 1J0 on the tax rolls of The Township of Muskoka Lakes as PLEASANT VW PT RD CON D PT LOT 31 Roll # 445304002204100.000.
 ===== Bunkie =====
+  * refrigerator is whirlpool yet18pkxb
   * [[ CottageInternet | Cottage Internet]]
@@ Line 37: / Line 57: @@
   * [[bunkieTodo | Bunkie To Do ]]
   * [[homeDepot | Home Depot to get]]
+  * [[Tin Boat | Tin Boat]]
   * [[wpholloway| wph]]