selling a house inherited from sister, tax implications?

[Burner11]

Hi,

Im hoping someone can help me.

I inherited a house from my sister last year. It was valued at 160k for probate. I've decided to sell it and had it valued last week. It was valued at about 260k, possibly more. If I sell it for a profit will I have to pay tax?? No one has lived in it since she died.

Thanks

 

[Brendan Burgess]

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