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Excepted Estate Query - confirmation needed
JLRetired
Posts: 37 Forumite
I don't believe my mother's estate is excepted but would appreciate confirmation. Gross estate value for IHT is approx. £750k, net value is £150k. No IHT is due. The residual estate goes to my father but bequests have been made of approx. £95k. I assume, therefore, that this isn't an excepted estate since not all assets are going to my father?
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Comments
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As long as her bequests not covered by spousal exemption do not exceed her NRB then it is an excepted estate and no IHT return is required.0
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That's great, thank you.0
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