L Leftfield Registered User Messages 12 21 Mar 2025 #1 When someone inherits a house and that do not have to pay inheritance tax, can that person who inherits the house sell it once probate has been resolved or do they have to wait for a set period of time to sell the property?
When someone inherits a house and that do not have to pay inheritance tax, can that person who inherits the house sell it once probate has been resolved or do they have to wait for a set period of time to sell the property?
C ClubMan Registered User Messages 52,742 21 Mar 2025 #2 They can sell it whenever they like once they own it. They may be assessable for CGT on any gain.
C Ciru75 Registered User Messages 261 21 Mar 2025 #3 Did they claim the dwelling house exemption from inheritance tax or was the value below the their threshold?
Did they claim the dwelling house exemption from inheritance tax or was the value below the their threshold?