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IHT - Intestacy
Kingo4581
Posts: 28 Forumite
in Cutting tax
Can someone please explain to me what the IHT implications are in the following situation:
A married couple with two children aged 3 and 6 were to die intestate and simultaneously in a car crash.
Their assets include a house worth £550,000, cash of £145,000 and the following:
Equity Investments £30000
Premium Bonds £20000
National Savings Cert. £5000
Liabilities include £20,000 mortgage and credit cards and loans of £15,000.
I'm struggling to get my head round what happens with IHT when the two parents die intestate.
A married couple with two children aged 3 and 6 were to die intestate and simultaneously in a car crash.
Their assets include a house worth £550,000, cash of £145,000 and the following:
Equity Investments £30000
Premium Bonds £20000
National Savings Cert. £5000
Liabilities include £20,000 mortgage and credit cards and loans of £15,000.
I'm struggling to get my head round what happens with IHT when the two parents die intestate.
0
Comments
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if i had known then what i know now0
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thanks for that, exactly what I needed :-)0
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