{"id":354,"date":"2013-07-01T10:56:07","date_gmt":"2013-07-01T10:56:07","guid":{"rendered":"http:\/\/www.esmartproducts.co.uk\/wordpress\/?p=354"},"modified":"2013-07-01T10:56:07","modified_gmt":"2013-07-01T10:56:07","slug":"inheriting-a-property","status":"publish","type":"post","link":"https:\/\/www.dokanefinancialservices.co.uk\/financialnews\/inheriting-a-property\/","title":{"rendered":"Inheriting a property"},"content":{"rendered":"<p><strong>Could you be liable to pay Inheritance Tax?<\/strong><\/p>\n<p>If you owned property jointly as joint tenants with the deceased and you weren\u00edt their spouse or registered civil partner, you\u00edll have to pay any Inheritance Tax due on the property when you inherit it.<\/p>\n<p>If you owned property jointly as tenants in common with the deceased and weren\u00edt their spouse or registered civil partner, but inherited their share under the will, the deceased\u00eds executor or personal representative must pay any Inheritance Tax or debts before distributing the estate among the beneficiaries.<\/p>\n<p>They\u00edll usually try to do this by using funds from other parts of the estate. However, if there\u00eds a shortfall, you as the remaining owner are responsible for that shortfall and HM Revenue &amp; Customs (HMRC) and other creditors have the right to approach you.<\/p>\n<p>If there isn\u00edt enough money in the rest of the estate to pay the outstanding tax or other debts, you may need to sell the property.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Could you be liable to pay Inheritance Tax? If you owned property jointly as joint tenants with the deceased and you weren\u00edt their spouse or registered civil partner, you\u00edll have to pay any Inheritance Tax due on the property when you inherit it. If you owned property jointly as tenants in common with the deceased&#8230;  <a class=\"excerpt-read-more\" href=\"https:\/\/www.dokanefinancialservices.co.uk\/financialnews\/inheriting-a-property\/\" title=\"ReadInheriting a property\">Read more &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.dokanefinancialservices.co.uk\/financialnews\/wp-json\/wp\/v2\/posts\/354"}],"collection":[{"href":"https:\/\/www.dokanefinancialservices.co.uk\/financialnews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.dokanefinancialservices.co.uk\/financialnews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.dokanefinancialservices.co.uk\/financialnews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.dokanefinancialservices.co.uk\/financialnews\/wp-json\/wp\/v2\/comments?post=354"}],"version-history":[{"count":0,"href":"https:\/\/www.dokanefinancialservices.co.uk\/financialnews\/wp-json\/wp\/v2\/posts\/354\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.dokanefinancialservices.co.uk\/financialnews\/wp-json\/wp\/v2\/media?parent=354"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.dokanefinancialservices.co.uk\/financialnews\/wp-json\/wp\/v2\/categories?post=354"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.dokanefinancialservices.co.uk\/financialnews\/wp-json\/wp\/v2\/tags?post=354"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}