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  • Probate and Inheritance tax

    Hi, How strict are the probate repayment rules? I was told you have to pay 10% IHT on property and the full amount on normal shares. But is there any wriggle room in this? My mother recently passed, and we are selling a second home cottage she owned. If the sale goes through it will be enough to pay off the 10% IHT due on property and most of the IHT tax due on the shares. The problem is what happens if the sale of her main home falls through? Will HMRC grant probate? Her bank won't let the estate use savings to pay IHT. Will they grant full probate even if not 100% of the share IHT tax is paid? On the HMRC website it says you have to pay most of the IHT before probate. Any help appreciated thanks