Inheritance tax?

Hi all

quick question, I am about to receive roughly 40k as part of an inheritance. Is CGT or some other tax applied to this?

Thank you all!
 
Thank you Ezza, straight onto the PPOR it goes :)
Just remember than unless you are sure you are never going to move out of this property and rent it, or you will always have access to more finance than you need, that putting the money into a 100% offset account, rather than reducing the loan balance, gives you much greater future flexibility.
 
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