Hi
Would anybody be available to advise on the potential IHT liabilities for the following.
Myelf and my wife are planning to release money from our mortgage free house by remortgaging for approx. 250k.
This money will be given to our 2 daughters to purchase a house.
Is it a straightforward PET and tax only payable if one or both parents die.
If 1 parent dies (money gifted by both) what would the tax implications be. Is the money gifted by both parents or both?
What would the best way of the above being done to avoid as much tax as possible
Thanks
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