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Inheritance tax allowance

Joanbysouth
Joanbysouth Posts: 3 Newbie
Third Anniversary First Post
edited 21 August at 3:14PM in Deaths, funerals & probate
Can somebody please advise me?  If a widow with no children or grandchildren, who inherited her late husband's IHT allowance, then dies, leaving her estate to nieces and nephews, what will her IHT allowance be?  I'm assuming £325,000?

Comments

  • HappyHarry
    HappyHarry Posts: 1,826 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper
    edited 21 August at 11:49AM
    Her Nil Rate Band will be £325,000 and her executors will also be able to apply her late husband’s Nil Rate Band of £325.000 making a total of £650,000.
    I am an Independent Financial Adviser. Any comments I make here are intended for information / discussion only. Nothing I post here should be construed as advice. If you are looking for individual financial advice, please contact a local Independent Financial Adviser.
  • Joanbysouth
    Joanbysouth Posts: 3 Newbie
    Third Anniversary First Post
    Thank you HappyHarry!  I've lost an argument about this, but my husband will be delighted to have won. 
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