IHT-help please....

 

Here it is.

A client's (son 1)  Mother died in 11th December 2011 and Father died 6th May 2012.

 

The father 3 and half years transfered a freehold shop to son 2 and gave a property to son 1.

The father left in his estate

 

Property worth circa £250K

Cash worth £200K

I am still awaiting details of his will.

 

Questions are:

 

Can the couple's NRB still be transfferred?

What can I do to reduce IHT liability?

Does the 7 year rule apply?

 

 

 

 

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mackthefork |

Get the sequence right

Paulsoper |