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Inheritance tax allowance
Joanbysouth
Posts: 3
Newbie
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?
0
Comments
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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 was 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.0
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Thank you HappyHarry! I've lost an argument about this, but my husband will be delighted to have won.0
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