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Where do you stand when money owed to direct payments after passing of 6 years? LocalSolicitors.com

Where do you stand when money owed to direct payments after passing of 6 years

The short answer is no. Inheritance tax is payable on the value of the whole estate at the date of death, including any property, subject to any applicable reliefs (eg. the Nil Rate Band). This is the case regardless of when the property is sold.

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

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?

Where do you stand when money owed to direct payments after passing of 6 years

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