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    • MSE Naomi
    • By MSE Naomi 2nd Apr 19, 12:09 PM
    • 245Posts
    • 61Thanks
    MSE Naomi
    Couples able to pass on £950,000 tax-free as inheritance threshold to rise - MSE News
    • #1
    • 2nd Apr 19, 12:09 PM
    Couples able to pass on £950,000 tax-free as inheritance threshold to rise - MSE News 2nd Apr 19 at 12:09 PM
    Parents and grandparents who are passing on their home will be able to leave up to £950,000 tax-free from 6 April, when the inheritance tax threshold is set to rise...
    Read the full story:
    'Couples able to pass on £950,000 tax-free as inheritance threshold to rise'

    Click reply below to discuss. If you havenít already, join the forum to reply.
    Last edited by MSE Luke; 02-04-2019 at 2:41 PM.
Page 1
    • Capitano
    • By Capitano 2nd Apr 19, 10:49 PM
    • 7 Posts
    • 0 Thanks
    Capitano
    • #2
    • 2nd Apr 19, 10:49 PM
    • #2
    • 2nd Apr 19, 10:49 PM
    THis is of course very unfair to people who dont have direct descendents and instead took on a ready made family without the formalities as I did. Why should my extended family have to pay more IHT. I would go further -why should childless people be penalised so heavily by the tax system?
    • Keep pedalling
    • By Keep pedalling 2nd Apr 19, 11:10 PM
    • 6,510 Posts
    • 7,578 Thanks
    Keep pedalling
    • #3
    • 2nd Apr 19, 11:10 PM
    • #3
    • 2nd Apr 19, 11:10 PM
    Childless couples are not being penalised, only their beneficiaries are unless those beneficiaries happen to be charities or political parties.

    Think of it as more of an incentive to spend or give away more in your lifetime than a punishment for not having children.
    • tax dodger
    • By tax dodger 3rd Apr 19, 7:53 AM
    • 1 Posts
    • 0 Thanks
    tax dodger
    • #4
    • 3rd Apr 19, 7:53 AM
    clarification
    • #4
    • 3rd Apr 19, 7:53 AM
    what happens if your house has a value greater than the Residence nil-rate band (250,000) but your combined estate value is lower than the total inheritance tax allowance (900,000)
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