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Posted Sun, 17 Nov 2024 13:32:49 GMT by Sarah Dagger
My Mother died in 2005. She left everything to my Father except £2300 to beneficiaries. The inheritance tax allowance then was £275000, does this mean that I would add this to the £325000 allowance for my Father, should he die or is it £325000 allowance from both parents ( ie £650000) now even though my Mother died 19 years ago? & is the £175000 Residence allowance added to this as well & if so how much & is it for both parents or just one? Ie total £1000000? Also any money given to any beneficiaries from the Wills, is this taken out of the allowance for my inheritance as well? How about if any money is left to charities? It would be so helpful to know this information. Thank you very much
Posted Mon, 18 Nov 2024 15:48:30 GMT by HMRC Admin 34 Response
Hi,
Please contact the Inheritance Tax team for advice.
Inheritance Tax: general enquiries
Thank you.
Posted Wed, 20 Nov 2024 13:57:45 GMT by BF501
Can small gifts (less than £250) be paid out of capital. If they must be paid out of income can you quote the IHT Gov rule that says that.
Posted Thu, 21 Nov 2024 12:06:32 GMT by HMRC Admin 34 Response
Hi,
Please contact the Inheritance Tax team for advice.
Inheritance Tax: general enquiries
Thank you.
Posted Fri, 22 Nov 2024 18:54:33 GMT by Obet
Is Inheritance tax payable on a jointly owned gifted property when one of the giftees dies
Posted Sat, 23 Nov 2024 12:29:52 GMT by THA
Hi Please advise what counts as income for gifts from surplus income for inheritance tax . I have called the HMRC inheritance tax line but they were unable to confirm this. My question is specifically related to income from a drawdown pension which I take several, times a year. Thanks
Posted Mon, 25 Nov 2024 11:54:13 GMT by HMRC Admin 19 Response
Hi Obet,
Please contact the Inheritance Tax team for advice.
Inheritance Tax: general enquiries
Thank you.
Posted Thu, 28 Nov 2024 10:18:05 GMT by HMRC Admin 20 Response
Hi THA,
Please have a look at How Inheritance Tax works: thresholds, rules and allowances.
Thank you.

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