This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. To find out more about cookies on this website and how to delete cookies, see our privacy notice.

Tools which collect anonymous data to enable us to see how visitors use our site and how it performs. We use this to improve our products, services and user experience.


A bit of data which remembers the affiliate who forwarded a user to our site and recognises orders from those who become customers through that affiliate.


Tools that enable essential services and functionality, including identity verification, service continuity and site security.

Enrol now on the free landlord tax strategies course

To enrol in the 7 tax saving strategies email course complete the form below. The first module will be emailed to you immediately.

Enrol now on the free landlord tax strategies course

Thank You!

Free Tax Saving Strategies Course
The seven FREE property tax busting strategies course reveals the secrets of how to legitimately beat the taxman and boost your property profits!
View All Questions

Tax implications of gift of inherited property

Question My mum recently passed away but left no will. She lived with her partner for 28 years and the intestacy rules state that the estate is split between children and he does not have any claim on the property. If the children (four of us) were to gift this property to her partner would there be any tax implications? The estate is worth around £260,000. I have read that if the person who gifts a property dies within seven years, inheritance tax would be due. Who would be responsible for paying this? Would it come from the estate of the person who has died? For example, if I gifted my share and then died within seven years, would the tax have to be paid from my estate? 
Arthur Weller replies: 
If the four children gifted the property now there should be no capital gains tax for them to pay. An inheritor is treated as receiving from the deceased at probate value, so if your mother died recently, presumably the house has not gone up (much) in value since she died. If one of the four siblings died within seven years of gifting, the value of their quarter share would broadly be added to their other assets at the date of their death, to give the total for their estate subject to inheritance tax.

Property Tax Insider This sample question and answer is taken from Property Tax Insider, a monthly UK tax saving magazine for landlords and property investors.

The first issue is free so click here to try today!

Got a burning tax question?

Why not submit a tax question to our tax advisors

Ask a Question