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Loans and Inheritance Tax

s4nup · 2012-02-24 10:49:51

3 years ago, my wife and i were purchasing a house. Long story short, a few days before exchange the bank upped the deposit amount by £10,000. As this was money we just didn't have access to, we turned to my wifes uncle, who offered to lend us the £10,000, interest free, but was to be paid back in 5 years time. He wrote a…

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getmore4less Posts: 46,882 Forumite

15 March 2012 at 7:00PM

it tough but any residual benifitiary takes the tax hit, only if there is nothing left does the tax divi up from the bequests.

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Loans and Inheritance Tax

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