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Inheritance tax

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  • Keep_pedalling
    Keep_pedalling Posts: 20,599 Forumite
    Tenth Anniversary 10,000 Posts Name Dropper Photogenic
    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: 1,766 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    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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