Review Of Sell Of Vacation Home I Inherited References. While it may seem great to inherit a vacation house, in actuality it may not be practical to keep the. Make your vacation home your primary residence:

When inheriting property, such as a home or other real estate, the capital gains tax kicks in if you sell that asset at a higher price point than the person. You will be taxed on 50% of the capital. If other beneficiaries are involved,.