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Inheritance tax - allowance

Answer
B4th
Posted Wed, 20 Nov 2024 18:30:34 GMT by B4th
Parents house is tenants in common, with children as the beneficiary. If one parent dies, does the married allowance for IHT pass to the surviving spouse? Therefore, when second parent dies, with the unused IHT does the 1 million allowance still apply to the whole estate (ie on second death)?
Answer
HMRC Admin 34 Response
Posted Thu, 21 Nov 2024 13:30:20 GMT by HMRC Admin 34 Response
Hi,
Please contact the Inheritance Tax team for advice.
Inheritance Tax: general enquiries
Thank you.

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