As a general rule, to avoid paying inheritance tax on your parent’s house, you can mitigate it by making sure the property is transferred to a trust or given as a gift at least 7 years before death.  Please note, this isn’t financial advice. This is an example of how paying IHT on your parent’s house can be mitigated.  The specifics of each situation are different so, we always recommend seeking the advice of an estate planner, IHT advice professional, solicitor, or experienced financial adviser.