inheritance tax?

rupert1977uk

Junior Member

Joined: Oct 2015

Posts: 9
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inheritance tax?

8th October 2015, 14:27:PM

Hi everyone just a quickie. My mum and dad are selling the house I grew up in and they want to split the profit (about 100000) with my brother and myself. What tax will we have to pay on it?
I've been told we can only get 3000 tax free and the rest will be taxed on 40% is this right?

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