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Probate Inheritance Tax

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Barquentine | 16:36 Mon 10th Sep 2012 | Law
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What happens if the husband dies in December - and admin of his Estate has started, then his wife dies the next June? Do his executors have to pay inheritance tax on his Estate?
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If his estate was left to his wife, then NO. His wife's estate will include the inheritance from him & be taxed on the total value (less the 2 £325K exempt amounts).

Look on HMRC website for the IHT pages - they are quite detailed & helpful.
16:45 Mon 10th Sep 2012
If his estate was left to his wife, then NO. His wife's estate will include the inheritance from him & be taxed on the total value (less the 2 £325K exempt amounts).

Look on HMRC website for the IHT pages - they are quite detailed & helpful.

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