Selling inherited property in SE1?

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Wednesday 11 April 2018 1.44pm
Hi all.

I inherited a property from my parents after they both passed away a few months ago. I've been stuck paying the costs of running it since then because I just don't know what to do with it. However I really don't know what to do with it. I want to avoid moving if I can. If I sold it, would the money I get from it count as taxable income? Would it be worth just renting it instead? I earn just under the higher bracket according to this tax calculator, and don't want to push my income into the higher bracket. What do you think I should do in this situation?

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