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Is there a time limit for selling an inherited property to avoid inheritance tax? LocalSolicitors.com

I have inherited a property. Is there a time limit within which I must sell it to avoid inheritance tax?

Your brother should seek formal advice (which we could provide) but he should be aware of the increased main residence nil rate band changes which are coming into effect over the next 4 years:

https://www.gov.uk/government/publications/inheritance-tax-main-residence-nil-rate-band-and-the-existing-nil-rate-band/inheritance-tax-main-residence-nil-rate-band-and-the-existing-nil-rate-band [https://www.gov.uk/government/publications/inheritance-tax-main-residence-nil-rate-band-and-the-existing-nil-rate-band/inheritance-tax-main-residence-nil-rate-band-and-the-existing-nil-rate-band]

Regards

Rob Green (Solicitor)

Leaving a £1 million property to niece and nephew. What is the best way to do this without a large inheritance tax bill?

Your friend would need to contact a solicitor herself to discuss the situation and provide more information. If she calls 01773 540480 we would be able to advise.

What are the names & contact details of any solicitors dealing in family wills in Kimberley, Nottingham please?

I have inherited a property. Is there a time limit within which I must sell it to avoid inheritance tax?

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