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Wogan Heirs Say £3.75m Taplow Home Has No Buyers Because Inheritance Tax Is Due Upfront

Mark Wogan argues the six-month payment rule with accruing interest leaves the family unable to keep the house.

Overview

  • The Taplow property has been listed at £3.75 million since November with no viewings, according to the family.
  • UK rules require inheritance tax to be paid within six months of death or interest accrues, with HMRC currently charging 8% on late balances.
  • In a Good Morning Britain interview on 2 September, Mark Wogan said the timing of the bill is forcing a sale of the family home.
  • He tied the lack of interest to a weak high-end housing market and said talk of a mansion tax could further deter buyers.
  • The seven-bedroom Edwardian house, Hitcham Close in Taplow, was bought by Sir Terry in 1975 and passed to his children after Lady Helen’s death last year.