Dear Sir/Madam, I would appreciate your guidance on the capital gains tax implications for inherited property. My parents passed away in January 2021, and we, the heirs, got the property transferred to our names in 2023 through a succession certificate from the Sindh High Court. The property was originally transfered to our parents in 2013 as Heirs of their Son who had purchased this property in 2009 / 2010. If we decide to sell this property, would we be liable for capital gains tax? If so, how would the tax be calculated, considering the property's original purchase date and our holding period? Thank you for your clarification. (Property is Open Plot)
