inheretance tax

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inheretance tax

Postby gypsy on Tue Sep 07, 2010 6:27 am

my wife has terminal cancer what would be the tax to pay as she has property she rents out as a business as the mortgages are in her name plus her own bank accounts what would be the best option to do
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Re: inheretance tax

Postby Lee Young on Tue Sep 07, 2010 10:11 am

If everything passes to you as her husband on her death, whether absolutely or in trust, there would be no inheritance tax to pay (assumuing you are both domiciled in England and Wales).
Lee Young
Solicitor, Chartered Tax Adviser and Trust and Estate Practitioner

Partner, Frettens LLP
leeyoung@frettens.co.uk
01202 491701
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Re: inheretance tax

Postby gypsy on Fri Sep 10, 2010 5:45 am

thankyou very much for that lee young
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