MSE News: Inheritance tax changes rolled out from tomorrow - what it means for you

Legacy_user

Parents will be able to leave homes worth up to £850,000 to their children without them paying inheritance tax...

Read the full story:
'Inheritance tax changes to be rolled out from tomorrow - what it means for you'

Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide.

Victor_the_Gink

Ludicrous really - I would much prefer my hard earned to go untaxed, and gains and inheritance taxed to death - they are by definition unearned.

Pincher

I need to have a direct offspring, to make use of this extra allowance.

http://www.telegraph.co.uk/news/2017/02/06/court-orders-man-increase-payments-wife-lost-bulk-divorce-settlement/

It's just not worth it.

Plan A is to spend it before I hop it.

SpaceX could spread my ashes in outer space.
To avoid space junk, probably best to go for Sun-Dive.
On the other hand, plenty of land on Mars for Eternal Peace.

jamesd

Will simultaneous exchange and completion on both the property purchase and it's sale suffice to increase the inheritance tax allowance?