Will I have to pay inheritance tax?
The answer to this question will depend largely on the situation itself. In most cases, inheritance tax is not applicable if the total cost of the inherited assets is below the £325,000 threshold. However, the estate’s value may still need to be reported, even if it falls below this amount. If you are unsure, you can find
The answer to this question will depend largely on the situation itself. In most cases, inheritance tax is not applicable if the total cost of the inherited assets is below the £325,000 threshold. However, the estate’s value may still need to be reported, even if it falls below this amount.
If you are unsure, you can find inheritance tax calculators online to work out how much tax you may have to pay when selling inherited property.