My father died about 4 years ago leaving everything to my mother, total assets including property is about £650kAs I understand as a spouce, I beleive she took his allowance and no inheritance tax was due.My mum has a standard will, which leaves my brother and I as beneficiaries when she passes. Assuming the value of her estate remains the same, is inheritance due on anything over £325k or can my fathers allowance still be considered?
Hi Thanks for your post, I am Sam - one of the UK tax experts.
I do apologise the question has now come through (it initially only stated In heritance tax and nothing more ) I shall draft a reply to you now
sorry, not sure how the question got missed, but has been submitted just before your message