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Inheritance Tax Forms & Calculating Spousal Exemption
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Oh ok, thanks, I think I know what you mean, I will try to have another go - I will come back here crying if I still can't figure it out! I will explain my workings in the notes in IHT400 and hopefully that will be ok.
Sorry, I forgot to add earlier, there is no marital home as parents live with the children and the 2 properties are rented out.0 -
For IHT purposes that might be a very bad situation as there may be no RNRB on her death.D2023 said:Oh ok, thanks, I think I know what you mean, I will try to have another go - I will come back here crying if I still can't figure it out! I will explain my workings in the notes in IHT400 and hopefully that will be ok.
Sorry, I forgot to add earlier, there is no marital home as parents live with the children and the 2 properties are rented out.0 -
Yes, some planning will definitely be required going forward0
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