New Posts For Thread: Inheritance Tax......advice please.https://community.betfair.com/tradefair__financials/go/thread/view/94198/23718354/inheritance-taxadvice-pleaseMarried couples ?I'm aware that on the death of one, their Inheritance Tax allowance of c£300K transfers to the remaining spouse.But, is the one who dies still able to make bequests to third parties in their will ? Or would this annul the right ofmadsimon is correct, that it is the "unused allowance" which transfers over to the surviving spouse and therefore, depending on how the estate devolves, the full IHT threshold may not transfer if all assets are not passed to the spouse.As for the usehttps://community.betfair.com/tradefair__financials/go/thread/view/94198/23718354/inheritance-taxadvice-please?post_id=425717430#425717430madsimon is correct, that it is the "unused allowance" which transfers over to the surviving spouse and therefore, depending on how the estate devolves, the full IHT threshold may not transfer if all assets are not passed to the spouse.As for the useFri, 01 Jan 2010 03:57:56 -0600IHT threshold is £325k and according to the pre-budget statement will not rise for tax year 2010/11You should still consider the use of trusts if you have children you wish to leave them some of your estate. If you leave your estate solely to yourhttps://community.betfair.com/tradefair__financials/go/thread/view/94198/23718354/inheritance-taxadvice-please?post_id=425717418#425717418IHT threshold is £325k and according to the pre-budget statement will not rise for tax year 2010/11You should still consider the use of trusts if you have children you wish to leave them some of your estate. If you leave your estate solely to yourThu, 31 Dec 2009 12:40:07 -0600Vopte Conservative they are going to abolish it!https://community.betfair.com/tradefair__financials/go/thread/view/94198/23718354/inheritance-taxadvice-please?post_id=425717410#425717410Vopte Conservative they are going to abolish it!Thu, 31 Dec 2009 11:40:52 -0600no but it uses up the allowance to transfer over up to the value of the beqeathmenthttps://community.betfair.com/tradefair__financials/go/thread/view/94198/23718354/inheritance-taxadvice-please?post_id=425717334#425717334no but it uses up the allowance to transfer over up to the value of the beqeathmentSun, 06 Dec 2009 08:51:37 -0600Married couples ?I'm aware that on the death of one, their Inheritance Tax allowance of c£300K transfers to the remaining spouse.But, is the one who dies still able to make bequests to third parties in their will ? Or would this annul the right ofhttps://community.betfair.com/tradefair__financials/go/thread/view/94198/23718354/inheritance-taxadvice-please?post_id=425717330#425717330Married couples ?I'm aware that on the death of one, their Inheritance Tax allowance of c£300K transfers to the remaining spouse.But, is the one who dies still able to make bequests to third parties in their will ? Or would this annul the right ofSun, 06 Dec 2009 07:02:33 -0600