Sonia
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RE: Inheritance Tax - personal allowance (parents)
I did refer to that guidance before posting here but couldn't find the answer to my specific question... -
Inheritance Tax - personal allowance (parents)
My mother died last year and I have just finished dealing with her estate (my father was the sole beneficiary so there was no IHT). Do I need to do anything now to pass her allowance onto him or does that happen when he dies? In case it's relevant, the beneficiaries will be my sister and me. Any advice much appreciated, thank you.