Inheritance tax on house

fredpuli47 | 12:20 Wed 19th Nov 2008 | Business & Finance

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The inheritance tax on a house is payable in instalments.If the executors sell the house 1) is all the tax outstanding payable ( as I rather assume)? 2) When? Is it payable instantly on the date of the sale being completed and funds received or is there a tax year or financial year at the end of which it becomes payable ?

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