My siblings and I have inheritance from a parent who passed away.
It consists of a few properties which have life-tenants so don't bring much money in, but obviously some.
We are going through probate with a solicitors, but what happens after that?
We probably won't sell the properties until the tenants pass away, which might be a couple of decades, but what do we need to do to pay tax on the income etc?
Do we need to set up a business?