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Posted Wed, 18 Sep 2024 16:45:16 GMT by Clive Hewett
My mother in law has recently died. It has come to light that my brother in law had been making personal use of her bank account over several years. This includes when she was incapacitated and in hospital and care homes. This spending amounts to several thousands of pounds per year. Would the spending that can be identified as being his and his alone (rather than a shared or ‘thank you for doing this for me’ purchase) count as gifting and what effect would that have on inheritance tax and the figures submitted for probate?
Posted Tue, 24 Sep 2024 14:01:49 GMT by HMRC Admin 18 Response
Hi,

Please contact the Inheritance Tax team for advice:

Inheritance Tax: general enquiries

Thank you.

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