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Jrfisher Fisher

Jrfisher Fisher

Joined: 3/17/2023

  • Ignored Nil Rate Band Trust

    Fri, 17 Mar 2023 13:52:41 GMT – Ignored Nil Rate Band Trust
    Parent A died 8 years ago, leaving a will with a Nil Rate Band Trust in it. Parent B ignored the need to disband the trust within two years. The value of the entire estate is now £900,000 and will pass, on death of Parent B to the 2 adult children of the couple. How much of this estate will be liable for Inheritance Tax liability?