if a house is left in trust is inheritance tax paid on it
The estate of the person who died usually pays Inheritance Tax. You may need to pay Inheritance Tax if the estate canât or doesnât pay it. You may need to pay Inheritance Tax on a gift the person gave you in the 7 years before they died.You may also need to pay it if your inheritance is put into a trust and the trust canât or doesnât pay.If the will says the Inheritance Tax should be paid out of the assets youâve inherited, the executor of the will or administrator of the estate will usually pay it.HM Revenue and Customs (.ou may need to pay Inheritance Tax on a gift the person gave you in the 7 years before they died. You may also need to pay it if your inheritance is put into a trust and the trust canât or doesnât pay.