Inheritance Tax: Until death do us part
Reshma Johar has a reminder of how being married or in a civil partnership can reduce the IHT payable on death. Something for cohabiting couples to consider this Valentine’s Day.
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Nice article
Very easy for the layman as well as the professional
Worth doing another on the house thing
Yes, nice, but far too basic to be properly helpful. e.g. "It is possible for a surviving non-domiciled spouse or civil partner to make an irrevocable election to be treated as UK domiciled and therefore not have any restriction, if they choose"
That sentence would have massively benefited from adding any time limit for such an election and stating when is someone who is not otherwise UK domiciled under English common law deemed IHT UK domiciled (15/20 test), with legislative references and/or HMRC manual references.
Overall, a bit too Daily Mail.