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How much land can be gifted to a family member in Vermont?

Hardwick, VT |

My inlaws want to gift us land in Vermont but I was told they can only gift my husband and I up to $26K worth of land. I thought you could only gift $26K of money in a year, does land follow the same suit as gifting cash?

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Attorney answers 1


The following article published in The Wall Street Journal last year may illuminate this subject.