Inheritance tax

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Discussion

EdT

Original Poster:

5,103 posts

285 months

Wednesday 18th November 2015
quotequote all
Sure the answers already 'out there' so pls accept apologies.. however I've a question
I know there's a threshold that I havent checked u pon yet.
Question is, is it cumulative> I.e. if one inherits a sum from parent A & years later from parent B how does does the tax pan out?

EdT

Original Poster:

5,103 posts

285 months

Wednesday 18th November 2015
quotequote all
The empty house will be sold soon.. the £ will be split 5 ways. Does this have any affect?

EdT

Original Poster:

5,103 posts

285 months

Wednesday 18th November 2015
quotequote all
Father passed away 2 years ago, leaving mother in law there. She passed away month ago.