Tax on inheritance

John_Pierpoint

We were not given any figures - presumably the house is worth a modest six figure sum and the solicitor has been told to pay the Estate Agent's fees and the conveyancing cost, and instantly pay the balance into the "executor's account".
As soon as that clears you and your sisters will split the free balance between the two of you - your share will then go into an interest baring account belonging to you personally.

So, from exchange of contract to your saving account, there will be no real chance to earn appreciable interest; especially in these days of a minimal interest rate of free funds?
5 years go it was possible to get 5% on £100,000 or nearly £20 a day, if you prefer.