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  • Tax

    Sale of inherited property / tax implications

    I co own a house which was left to me and my x 4 other siblings in around 2004.

    The residential home is mortgage free and is currently rented at around £2000 per month and is situated in a very affluent area.

    We pay tax and split the resulting profit evenly between us. I am however very tempted to sell the property as I want my resulting share from the sale to invest in my own ventures

    What would be the best way of avoiding tax and maximising our returns from any sale, has anyone had a similar situation and what is the typical best course of action.

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