in Cutting Tax
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My mother is 85 and has asked me about inheritance tax her house is valued at 300K and she has savings of 100K .Am i correct in thinking there will be no inheritance tax to pay due to her qualifying for rnrb ? Also she wants to gift me my sister and brother 6K now is this allowed as she has not gifted anything from last tax year ? Or is the 3K gift not per person but per tax year?