Klenk Law

As executor of my father’s Bucks County estate, may I deduct the closing costs of selling his home against the Pennsylvania Inheritance Tax?

Posted on Wed Nov 19, 2014, on Bucks

The Pennsylvania Inheritance Tax is levied on the net estate value, meaning the fair market value of the estate’s assets less expenses and debts.

The reasonable costs of selling the house is an expense of the estate, and will be deductible against the sale price when calculating the Pennsylvania Inheritance Tax due. The same would hold for any liens or mortgages on the home.

If you have questions about probate in Bucks County, Pennsylvania, feel free to contact our office for a free consultation.
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