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Legal Eagle Q&A: Higher Value, Higher Inheritance Tax?
Question: I inherited a flat from my mum 10 years ago and have been letting it out. I’m going to sell it but it has gone up in value. Do I have to pay more inheritance tax?
Answer: Almost certainly not, although it could depend on how this was dealt with at the time. However you will have to pay Capital gains tax, either as an executor or owner of the property. Sorry to be the bearer of bad news but capital gains tax is a lower rate than inheritance tax, and steps can be taken to reduce it.