ChatterBank0 min ago
Probate Inheritance Tax
1 Answers
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?
Answers
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.
Look on HMRC website for the IHT pages - they are quite detailed & helpful.
16:45 Mon 10th Sep 2012