Inheritance tax

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  • Keep_pedalling
    Keep_pedalling Posts: 16,641 Forumite
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    Only by giving away £350k and keep breathing for the next 7 years, which may also require her to downsize to free up enough cash.
  • uknick
    uknick Posts: 1,626 Forumite
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    Only by giving away £350k and keep breathing for the next 7 years, which may also require her to downsize to free up enough cash.
    Does your calculation assume she'll have available to her estate any NRB left over from her husband's estate, i.e. 2 x £325k?  As he died in 1985 before IHT was introduced, the poster will need to check whether there is any NRB available.
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