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CGT, not IHT, after the first partner has died.death.

John_Pierpoint · 2012-03-05 03:02:09

I might be getting myself confused, but I have looked at the HMRC web site and cannot find a clear explanation. Husband, a moderately successful business man, has built up an investment portfolio. Husband dies leaving everything to his widow. OK the widow now has a potential nil rate band for IHT of 2 x 325k = £650,000…

Comments

getmore4less Posts: 46,882 Forumite

7 March 2012 at 7:46AM edited 7 March 2012 at 8:16AM

I think the use of trusts can in many situations be unneccessary now there is the transferable nill rate band.

They are still potentialy usefull if the survivor is likely to remarry(wealth) since the maximum transferable is 100% but this can come form multiple dead spouses.

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