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If you rent your inherited house, your capital gains tax is higher. If you inherit a house that you don't want to live in, you can sell the house or rent it out. If the market's flat right in your area, renting may be the better financial option.It will have an effect on your taxes, though, so take that into account when choosing your options.eassessment. Whether you rent or live in the house, you may see higher property taxes than the former owner. California law limits increases in assessed value to 2 percent a year. When the house changes hands, it gets reassessed to its real worth.
Of the one in four retirees who rents their home, almost half of them (42%) were previously property owners. Their main reasons for selling up were to pay off debts, finance divorces, boost retirement income or help their children. However, for people choosing to rent in retirement, there are many benefits.part from in Scotland, where it is illegal to charge tenants any fees to rent a property, you may have to pay: 1  Application/referencing fees (up to several hundred pounds). 2  Deposit (normally four to six weeks' rent). 3  Inventory (from Â£50 to Â£150). 4  Renewal fees (from Â£25).