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IHT and Nil Band Rate question
Comments
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https://www.gov.uk/hmrc-internal-manuals/inheritance-tax-manual/ihtm12121 and next page for figures.
With issue (children, grandchildren and remoter descendants)
The surviving spouse or civil partner takes the personal chattels, the statutory legacy that applies if there is issue (£125,000) (IHTM12122), (column 1) and a life interest in half the residue0 -
Get the inventory and account for the fathers estate.
If done professionally it should exist.
It should include the necessary information.0
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