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Inheritance tax newbie questions

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  • poppystar
    poppystar Posts: 1,395 Forumite
    1,000 Posts Part of the Furniture Combo Breaker Name Dropper
    The estate pays IHT, not you personally. It would be the responsibility of the executor to pay it out of estate assets.
  • IHT would be payable by the executors of the first estate. As both parents have used up their £325 allowance, and more via gifting, on the first death probate would be required and this would include IHT.
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