Inheritance Question

does the tax of inheritance - 25%? - have to be paid by the benefactors before the actual sale of property and other items are sold?

Inheritance tax (or CAT) must be paid within four months of the valuation date otherwise interest is charged. The valuation date in most cases would be the date a Grant of Probate or Administration issues. So if the Grant has already issued and the property is not sold yet then you might have to pay the tax now to prevent interest accruing. There may be the option of paying the tax in installments so that you don't have to pay it all now. If you leave the tax until after the property is sold then you may have to pay interest.

Inheritance tax must be paid within 4 months of the valuation date.

The valuation date, for an inheritance, is usually either the date of death or the date of the grant of probate/administration.

So, it is possible that the tax could have to be paid prior to a sale, depending on the circumstances.

I would like to come in on this, if a property is left to 2 people and 1 of them is living in the property and it is his only home when does the tax have to be paid with in four months, or when the property is sold