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Hello David, I am Keith, one of the experts on Just Answer, and pleased to be able to help you with your question.
Moneyfacts.co.uk have a useful summary on what happens when an ISA holder dies:
'In other words, you'll be entitled to an additional allowance that would cover the value of your partner's savings as well as your own. For example, if your partner had £50,000 in ISA savings, your ISA allowance for the year would be £70,000 (the value of your partner's savings and your own ISA allowance for the 2017/18 tax year, which stands at £20,000).'
When one tenant in common passes on their share as automatically transferred to the existing tensnt(s). IHT is thus avoided, This avoids the palaver of Trusts to hold such properties.
I do hope that you have found my reply of assistance.
The inherited ISA has no limit. The example gave an ISA of 50K, but it could be much more or less.
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