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IHT question

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I am British and my wife is Thai.

Recently my wife sold a property in Thailand and has transferred £70,000 to my UK bank account. This is so that the money can be invested long term in equity funds through my Hargreaves Lansdown share account (which is in my name only).

My UK assets are well over £325,000 which I believe is the amount I can give away upon my death and for my dependents not incur UK IHT.

Given that my estate is based on my assets minus any liabilities (debts), would it make sense for my wife to "loan" me the £70,000 so that it will be considered a debt (for IHT purposes) and thus this amount will be reduced from my estate when I die as she will have to be paid it back before any UK IHT calculations are made?

Thoughts?

Comments

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