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kanwal3017 | 10:19 Wed 29th Mar 2023 | Business & Finance
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My father made a will this year. He has gifted me all his money and house to me. My mother passed away last year. If my father passes away within 7 years how much iht would I pay
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Avatar Image bednobs
it depends on how much the estate is worth
13:51 Wed 29th Mar 2023
Avatar Image ToraToraTora
40% on everything over £325k (estate value). 7 years is only relevant (taper relief) if he gifts it to you whilst still alive.
13:55 Wed 29th Mar 2023
Avatar Image bednobs
wont it be double if the dad got the mum's allowance?
14:01 Wed 29th Mar 2023

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