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Trevor Barnett

Trevor Barnett

Joined: 1/3/2025

  • IHT Spouse, Gifts - When does the IHT rate apply?

    3 months ago – IHT Spouse, Gifts - When does the IHT rate apply?
    Hello, If 1 parent leaves their estate to their spouse. The estate is worth £300k which includes half of the property value - all this to the spouse. However, the deceased had "gifted" £60k to their (2) children within the last 4 years prior to their death. - Does the Threshold for inheritance tax start at 0? Therefore the £60K is IHT free or does it mean IHT is due on a portion of the £60k?