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Mothers IHT Threshold

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nxdmsandkaskdjaqd Posts: 871 Forumite

4 April at 7:01PM

Just need to clarify one point. Is the £325,000 NBR gross or net of any debts.

Assets £335,049.82
Debts £136,355.49
Total £198,694.33

Theres a reason for the high debt, but I don't want to muddy the water, hope that's ok.

0
Keep_pedalling Posts: 20,870 Forumite

4 April at 10:56PM

It’s the net value that is taxed and the NRBs are applied to, so all that is needed to avoid IHT is her NRB.

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