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Inheritance tax
GaryBC
Posts: 462 Forumite
Hi guys
Elsewhere on the MSE website is an excellent article on IHT thresholds - https://www.moneysavingexpert.com/family/inheritance-tax-planning-iht/.
In it there is reference to a "residence nil-rate (aka 'main residence') band. It's an additional £175k of allowance.
Trouble is, I can't find where on the IHT205(2011) form to include this allowance (and neither can I find reference to it in the guidance notes (IHT2062011).
This is important to me as my late parents' home falls midway between £650k and £1M in value.
I'm still researching what has to be done with regards form filling so I may well come across what I'm looking for. But if someone can point me in the right direction it'll save me a lot of digging!
Thanks in advance,
Gary
Elsewhere on the MSE website is an excellent article on IHT thresholds - https://www.moneysavingexpert.com/family/inheritance-tax-planning-iht/.
In it there is reference to a "residence nil-rate (aka 'main residence') band. It's an additional £175k of allowance.
Trouble is, I can't find where on the IHT205(2011) form to include this allowance (and neither can I find reference to it in the guidance notes (IHT2062011).
This is important to me as my late parents' home falls midway between £650k and £1M in value.
I'm still researching what has to be done with regards form filling so I may well come across what I'm looking for. But if someone can point me in the right direction it'll save me a lot of digging!
Thanks in advance,
Gary
0
Comments
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IHT435 and IHT436, I think.
But a banker, engaged at enormous expense,Had the whole of their cash in his care.
Lewis Carroll2 -
Spot on! 👌0
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