Inheritance tax

Anthony_Reilly

If a property is worth £500,000 and will be left to 3 siblings would there be any inheritance tax to pay.

Keep_pedalling

You don’t say what other assets are involved in the estate and what the marital status of the deceased is so impossible to answer.

Also when you say three siblings, do you mean siblings of the deceased or siblings who are children of the deceased?

For some odd reason you have posted this on the site feedback forum so I have asked for it to be moved to deaths, funerals and probate. 

ButterCheese

The .Gov calculator is your best bet.  It depends on many things, all of which are asked on the calculator

Mojisola

Anthony_Reilly said:

If a property is worth £500,000 and will be left to 3 siblings would there be any inheritance tax to pay.

Inheritance tax is due on the value of the estate, not paid by the beneficiaries on the amount they receive.