Hi all
Apologies if it’s a silly question, but I cannot find this specific question answered. She has no children.
My aunt has no direct descendants.
Her husband (my uncle) died 7 years ago.
Everything owned passed solely to her on his death in the usual way.
My aunt has just died and I have a question about inheritance tax and specifically about my uncle’s unused nil rate band.
She owns her home (approx £250k)
and has savings of approximately £450k
Her estate is roughly £700k
Can her estate use her predeceased husband’s unused nil rate band on top of her own when it comes to working out the correct IHT to pay?
She has left her entire estate to me, her niece.
Thank you in advance.
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