Do I have to pay inheritance tax on my parents' house?

For most people, the biggest financial asset in an estate will be the family home, but thanks to new rules introduced in 2017, you could have less or even no Inheritance Tax to pay when inheriting your parents; house.

In this video, I explain everything you need to know about inheritance tax, including the tax bands, the nil-rate band and the residence nil-rate band.

More information can be found in our article https://moneytothemasses.com/tax/inhe...

00:00 Do I have to pay inheritance tax on my parents' house?
00:34 What is the nil-rate band for inheritance tax in the uk?
00:50 What is the inheritance tax rate above the nil-rate band in the UK?
01:17 When must executors pay the inheritance tax due?
01:39 What is the residence nil-rate band in the UK?
02:25 Do children have to pay inheritance tax on their parents' house?
03:20 The residence nil-rate band for estates worth of £2 million
04:00 How to pass on your home before you die for inheritance tax purposes

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