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Family member dying - avoid inheritance tax?
jarv81178
Posts: 108 Forumite
How can I avoid paying inhertitence tax?
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Comments
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By the estate being below the inheritance tax threshold. A brief breakdown of the rules can be found here. https://www.gov.uk/inheritance-tax
The time to plan for this is in the years before death, not after it.💙💛 💔1 -
You don't pay inheritance tax at all, the estate of the deceased does.
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Well for a start, you could actually supply some details about the situation you are referring to. It can be a complicated subject and you will not get any sensible answers with only a one liner question.jarv81178 said:How can I avoid paying inhertitence tax?5 -
IHT planning is not something that can be left till you are on your death bed. Apart from gifting part of their estate to charity there is nothing that can be done at this late state.
Do you know for certain that their estate is big enough to be affected by IHT?
What is the approx value of their estate?
What is their marital status?
Do they have children?
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