This stepped up basis greatly reduced taxes on the sale of inherited property.
Christianity Today
People who inherited property in the subsequent three tax years could also claim huge rebates.
Times, Sunday Times
Acquiring an inherited property or piece of land gives you a 'major interest' in a residential property.
Times, Sunday Times
Another swathe inherited property, which they then rented out.
Times, Sunday Times
This includes buy-to-let properties, business premises, land and inherited property.
Times, Sunday Times