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inheritance tax

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  • getmore4less
    getmore4less Posts: 46,882 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    SeniorSam said:
    ALL estate need to calculate if there is inheritance tax payable. If under £500,000 no IHT .

    Please let us know if this was the case here ?
    That is not true.

    Depends on qualifying property and beneficiaries.
  • Keep_pedalling
    Keep_pedalling Posts: 22,404 Forumite
    Tenth Anniversary 10,000 Posts Name Dropper Photogenic
    SeniorSam said:
    ALL estate need to calculate if there is inheritance tax payable. If under £500,000 no IHT .

    Please let us know if this was the case here ?
    That is not true.

    Depends on qualifying property and beneficiaries.
    True, a childless unmarried person can only leave £325k tax free to non exempt beneficiaries.
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