Inheritance Tax Explained Simply

A straightforward overview of inheritance tax and probate property.

Basic overview

Inheritance tax may be payable depending on the value of the estate and available allowances. Property can be a major part of the estate value.

Valuing the property

A realistic property valuation is usually needed for probate and tax purposes. Executors may obtain estate agent or professional valuations.

When advice is needed

Tax rules can be complex, particularly where there are trusts, gifts, business assets or multiple properties.

Property sale impact

The eventual sale price may differ from the probate valuation, so executors should speak to professional advisers if unsure.

Need help with a probate property?

Probate Home Buyer can review inherited properties across England and provide a confidential, no-obligation response. If you are dealing with a probate property, send us the details and we will come back to you quickly.