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Inheritance tax general question
jonnydeppiwish!
Posts: 1,487 Forumite
I listened to Martin’s recent podcast about inheritance tax and have a quick question for all you experts!
If a partner (married, civil partnership, or partner) dies but they are joint tenants, does the property come under their estate or is it discounted from the estate?
Hope this makes sense and thanks in advance!
2006 LBM £28,000+ in debt.
2021 mortgage and debt free, working part time and living the dream
2021 mortgage and debt free, working part time and living the dream
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Comments
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It does not count as part of your heritable estate, but it does count for IHT purposes. This is only an issue if you are not married or civil partners.
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