Husband has died and has left the PPR 40% to his (second) wife and 60% to his (not her) children. Widow has the right to occupy for life.
It seems that solicitor has said that this is treated as 100% to wife on husband's death and only when the widow dies does the 60% come into charge.
Is this correct? If so, will IHT be payable by husband's estate after widow dies on 2019 value or value a tthe time of widow's death?
Replies (1)
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Suggest you swot up on leases for life.