Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

    • MontyA
    • By MontyA 17th May 17, 10:15 PM
    • 1Posts
    • 0Thanks
    Father in care/ selling home
    • #1
    • 17th May 17, 10:15 PM
    Father in care/ selling home 17th May 17 at 10:15 PM
    Can anyone help?
    Father was widowed in 1998, all estate passed to him.
    Assets/ Estate not worth over 425k but he's in a care home and using savings etc to pay for care.
    Children are looking at selling his home to continue to pay care costs.

    If there is no home then my understanding is that IHT payable on over 325k - but as mother did not use her "nil" rate can it be more?
Page 1
    • xylophone
    • By xylophone 17th May 17, 11:57 PM
    • 22,009 Posts
    • 12,692 Thanks
    • #2
    • 17th May 17, 11:57 PM
    • #2
    • 17th May 17, 11:57 PM
    • Keep pedalling
    • By Keep pedalling 18th May 17, 12:30 AM
    • 3,266 Posts
    • 3,490 Thanks
    Keep pedalling
    • #3
    • 18th May 17, 12:30 AM
    • #3
    • 18th May 17, 12:30 AM
    Her nil rate band will be transferable, and he still retains the primary residence nil rate band when selling to move into care, so there will be no IHT liability.

    Main current issue will be whether you have POA to enable you to sell the house.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

3,263Posts Today

8,392Users online

Martin's Twitter
  • Byebye! I'm about to stop work & twitter, to instead spend glorious time with Mrs & mini MSE. Wishing u a lovely summer. See u in 10 days.

  • WARNING Did you start Uni in or after 2012? The interest's rising to 6.1%; yet it doesnt work like you think. See RT

  • RT @JanaBeee: @MartinSLewis Boris is the anomaly (coffee), the others are versions of normal (beer). Lots of same candidates = vote share d?

  • Follow Martin