Hi Everyone, My partner inherited a house overseas (in New Zealand) approximately 10 years ago. The house is tenanted and we pay tax on the rental income in his yearly income tax return. Just the other day he was approached by a family member who would like to buy the house. We are currently saving for our first home and sort of see the sale of the house as perfect timing, as we would use the sale price as part of our deposit. However, the house is only worth around $100k (we think) so we would like to know the tax ramifications of selling before we agree to a sale, as we don't want the sale price being eaten up by tax. Have any of you guys had any experience with this kind of thing? I know we should probably see an accountant, but our cash-flow is a little tight at the moment, so any advice would be very much appreciated. Thanks in advance!