I don't deal with IHT much, so just wanted to know how much of the following estate gets caught (all H&W jointly owned):
- Family House (£500k)
- BTL property (200k)
- 50% share of ltd co business (£100k) other 50% owned by daughter
My inclination is the first two, as the shares are covered by BATR.
Am I right?
Thanks for any comments.
Replies (7)
Please login or register to join the discussion.
All of it
It all comes into the Estate.
The shares in the ltdco may be eligible for Business Property Relief, but you need to check that the company meets the criteria.
I take it you know about transfers between spouses being exempt, and that the will can be amended by a Deed of Variation within 1 year?
I can remember a Budget speech when the chancellor said he was g
That was Nigel Lawson.
Maybe if the tories get in next month they will do so, but they will have been used a lot less since the nil rate band has been passable on (terrible syntax, sorry).
Oh Phil
Apology accepted but you really SHOULD have typed it correctly! You know it should have been 'passable onable'.
BTW Richard, I always say, when asked a 'quick' question that the questions are always quick; it's the answers that take the time. Never is this more so true than on AWEB.