Quick Succession Relief

[ShaneD]

A. has died in April 2002 leaving all property to spouse but it was decided to change the will by Deed of Variation, leaving property to other beneficiaries, the part value of which has been taken from the nil rate allowance, with the remaining value made as a gift by the spouse. As the spouse has now died in June 2005, would there be any QSR on the IHT, but no IHT was payable on first death?

[Lee Young]

No. If no IHT on death no 1 then there can never be QSR on death no 2. IHt must be paid twice within 5 years for the relief to apply.