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A friend of mine has been left a half share in a £100000 house. He feels he's due for almost £50000. What's the most he's likely to receive after legal,estate agent IHT etc.?
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IHT shouldn't be an issue unless the deceased also had other properties or huge savings/share portfolios.
Whether the house will sell for £100000 is another matter- it depends how quickly they want a sale. If it's advertised for £100000 they might get £90000 if they wan ta quick sale.
Total state agents and legal fees fees- I would guess around £2500 but again it depends.
My gues is he'll end up with around £45000 but it all depends
Whether the house will sell for £100000 is another matter- it depends how quickly they want a sale. If it's advertised for £100000 they might get £90000 if they wan ta quick sale.
Total state agents and legal fees fees- I would guess around £2500 but again it depends.
My gues is he'll end up with around £45000 but it all depends
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