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Selling an Inherited Property: Tax and Practical Steps

Agree with co-owners, then plan the tax.

Selling an Inherited Property: Tax and Practical Steps Residential Property Services in London

Updated October 2026 · Fraser Bond

Selling · Inheritance

Selling an inherited property

Probatefirst
CGTfrom death value
Co-ownersagree
Letor sell
In short: Once the property is in your name (or the executors are ready to sell), decide with any co-beneficiaries whether to sell, let or have one person buy the others out. Capital gains tax is based on the gain since the date-of-death value, so a quick sale near that value usually means little or no tax. Inheritance tax is dealt with by the estate. Insure empty properties properly and check council tax exemptions after probate. Fraser Bond can value for sale or rent.

Frequently asked questions

Do I pay tax when selling an inherited house?

Possibly CGT on any rise since the date of death.

Can I rent it out instead?

Yes, with the right consents and compliance.

Inherited a property?

Talk to our team or get a free valuation.

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