Crescenter
Registered User
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Hi,
I have inherited a property that has a mortgage on it(probate still pending)
Can I net the outstanding mortgage against the value of the property for inheritance tax purposes; ie house value - less outstanding mortgage=amount liable for tax.
Sorry if this question has been asked before... tried searching but to no avail!
I have inherited a property that has a mortgage on it(probate still pending)
Can I net the outstanding mortgage against the value of the property for inheritance tax purposes; ie house value - less outstanding mortgage=amount liable for tax.
Sorry if this question has been asked before... tried searching but to no avail!