Buying Out Your Sibling from an Inherited House

In short: If you inherit a house with a sibling and want to keep it, you can buy their share. Start by agreeing a value, ideally with an independent valuation, then work out the share price and how you'll fund it. Stamp duty may be due on what you pay, and capital gains tax may apply on any rise in value since the date of death. A solicitor handles the transfer, during or after probate. If you can't agree, mediation can help. Fraser Bond provides independent valuations.