inheritance tax question re house
in Deaths, funerals & probate
3 replies 359 views
Hello all. My query is around inheritance tax . My mother is about to move in sheltered housing. She owns a small house, valued around 160K. My father died in 2014 so she is sole owner. If the house is sold to pay for some of her sheltered housing costs, does that mean that the money she will leave are all taxable, after the threshold of 325K is reached? Would it be better therefore to keep the house and rent it out?
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