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Sell a house I am executor for, ‘cheap’ to a member of my family

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Grumpy_chap Posts: 18,091 Forumite

8 March 2023 at 7:07PM

Mutton_Geoff said:
Who knows, the OP might be talking about a £10m house and "nominal sum" of a million or so

Except, the OP said:
BiturboV12 said:
I agree that it is only right that the charities getting their bequeathed amounts. The charities are the only beneficiaries apart from my wife and I who are getting a small nominal payment for duties carried out.
If I get three valuations would it be fair to go with the lowest one for the family member? We are talking of a value approximately 300k as it stands right now. The Will states that two charities get 50% each on disposable of the property.

I read that as the £300k is the value of the house. That would likely make all reference to IHT moot.

I suppose it could be that the £300k is the value of the "nominal payment". I don't think that is what the OP intended to say.

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Sell a house I am executor for, ‘cheap’ to a member of my family

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