Hello All.
A friend of mine has just found out he has inherited a property, via the executor.
The house is old, and he doesn't want to spend money doing it up, before selling. What he wants is the money it is worth.
The property will be tax free as far as he is concerned.
First question he wants answering is, can the exector sell the property and he inherits the proceeds not the property, also tax free?
Second question is, If he has to have the property, can he sell it straight away, will he have to pay tax in his proceeds?
Kind regards.
Squibbs
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