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  • FIRST POST
    • Neelfittons
    • By Neelfittons 8th Sep 17, 2:44 PM
    • 1Posts
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    Neelfittons
    Inheritance Tax
    • #1
    • 8th Sep 17, 2:44 PM
    Inheritance Tax 8th Sep 17 at 2:44 PM
    Quick query.....
    Unmarried but we have a will. Wanted to understand the process should one of us die (lovely subject!)

    Do our debts get deducted from the sum of the assets BEFORE IHT is applied?

    Just trying to understand if we will go over the threshold. Based on current assets it would be very close!
    Last edited by Neelfittons; 08-09-2017 at 2:47 PM.
Page 1
    • Tom99
    • By Tom99 8th Sep 17, 4:04 PM
    • 567 Posts
    • 334 Thanks
    Tom99
    • #2
    • 8th Sep 17, 4:04 PM
    • #2
    • 8th Sep 17, 4:04 PM
    You pay IHT on your net estate ie all your assets less all your debts.
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