Solicitor fees and Inheritance tax.

Bignutpudding

Does anyone know if solicitor fees are taken into consideration and payed before or after inheritance tax is calculated? Obviously in an ideal world the solicitor is payed before to minimise the inheritance tax bill.

Keep_pedalling

No, you can’t deduct solicitors fees to reduce IHT.

Marcon

Bignutpudding said:

Does anyone know if solicitor fees are taken into consideration and payed before or after inheritance tax is calculated? Obviously in an ideal world the solicitor is payed before to minimise the stamp duty bill.

You don't normally pay stamp duty on a property you inherit.

Bignutpudding

Sorry not stamp duty, I meant inheritance tax. Been a long day, many thanks for your replies.