Long story short my grandmother gifted my mother her house and smallholding 5 years ago.
My grandmother now lives in a care home and my mother lives on the smallholding.
The house and land was valued last year at ÂŁ250,000 absolute max. It's likely to sell for less as it's in need of total renovation.
My mother is now looking to sell. Can anyone advise how much inheritance tax she's likely to pay?
My understanding is that there are certain exemptions for agricultural properties.
Thank you
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Legal matters
Can anyone advise on inheritance tax/gift?
22 replies
MushroomTree · 12/10/2019 15:27
OP posts:
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