I inherited a deceased relative’s apartment through his will in India last year and immediately dold it off. Do I need to file T1135 or T1142 or both?
If I inherited foreign real estate through a deceased relative’s will and sold it off in the same tax year do i need to file t1135 or t1142 or both?
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If the property was a personal use property at the time of inheritance, then do not complete form T1135. If the property was a rental property at the time of inheritance, then complete form T1135. Lastly, the sales proceeds deposited into a bank account outside Canada must also be reported on form T1135.
Do not complete form T1142.
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