Nil rate transfer for spouse

SeniorSam

@ getmore4less.

Many thanks for that, from which, as above, I see there was an allowance of Estate Duty of £5000.

It will need the Probte details to establish the net estate value of the father when he died, as this is essential to what may be allowed now if no tax as paid the time.

Sam

getmore4less

SeniorSam wrote: »

@ getmore4less.

Many thanks for that, from which, as above, I see there was an allowance of Estate Duty of £5000.

It will need the Probte details to establish the net estate value of the father when he died, as this is essential to what may be allowed now if no tax as paid the time.

Sam

post 1 had that info

my father died in the 1960's - his estate passed to my mum, but just exceeded the then estate tax limit of £5000 and it seems there was no retrospective spouse transfers.

getmore4less

OK long shot,
has she recieved any inheritance in the last 2 years?

If she has a DOV may be an option to get that money out of the estate.

nom_de_plume

getmore4less wrote: »

OK long shot,
has she recieved any inheritance in the last 2 years?

If she has a DOV may be an option to get that money out of the estate.

Would that even be possible as surely it needs the beneficiary to agree the Deed and the beneficiary in this case is deceased?

getmore4less

nom_de_plume wrote: »

Would that even be possible as surely it needs the beneficiary to agree the Deed and the beneficiary in this case is deceased?

Administrators(of the current estate) can do it.

eddtheduck

For info - the download on this page http://www.saga.co.uk/saga-magazine/2014/september/paul-lewis-new-guide-to-inheritance-tax.aspx is by far the most comprehensive guide I have seen. IHT with regard to a spouse dying before 1972 is dealt with in Appendix I on p.21.

thestens

I have just had the same problem! My mum died in January and her first husband died in 1968. We thought after some research on line that we would not be able to claim the nil rate for him (some of my stepfather's allowance was used so we want to use my father's allowance to get the full amount allowed) but then we contacted a solicitor to look into it further for us. He has been in touch with HMRC and, after speaking with them, thinks we will be entitled to it. He has submitted all the paper work (I did it myself to save money, he has just done his bit and submitted it for me). We haven't got probate yet or heard officially from HMRC but he seems confident and he is very experienced, so we are keeping our fingers crossed, as like the OP, it makes quite a bit of difference financially.