Hello Tom,

Transferring the property to the future inheritors is a commonly effected transaction that is nonetheless risky: the reason is that the transaction can be deemed as void by the authorities, since the price is not real or is too abnormally low and therefore, they can conclude that a “simulation” has taken place with the purpose of producing certain effects that are contrary to law.

If a real sale takes place, you will have to pay Capital Gains Tax and the buyer, Transfer Tax.

There is not a " legal " way of avoiding the IHT, but you may be able to take advantage of some exemptions and have it reduced depending on certain circumstances ( use of the dwelling, family relationship, residency status, age of heirs, region where the deceased is domiciled, etc. ).

Regards,