Day: February 22, 2021

What Taxes Do You Need to Factor in When Selling Inherited Property?

What Taxes Do You Need to Factor in When Selling Inherited Property?

There are two taxes that you need to take into consideration when you are looking to sell an inherited property – Capital Gains Tax and Inheritance Tax.  Capital Gains Tax – If the inherited property increases in value between the time the owner died and when it sells, Capital Gains Tax may be liable against …

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Can You Sell Inherited Property Before Probate Has Been Granted?

Can You Sell Inherited Property Before Probate Has Been Granted?

The simple answer is – no, you cannot legally sell inherited property before the probate has been granted. It is possible, though, to get the ball rolling and instruct your estate agent or agency to start advertising the property in question for sale before you have received probate.  This is actually a very common practice …

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