If a person leaves no will and their next of kin is the spouse and receives a payment of £600k, would this be liable for inheritance tax because there was no will?
26 May 2022
Question by Jason
If a person leaves no will and their next of kin is the spouse, if they receive a payment of £600k would this be liable for inheritance tax because there was no will?
Answered by Oliver McDonald
Thank you for your question.
Normally, spouse-to-spouse transfers are exempt from Inheritance Tax. A person can leave their estate to the spouse inheritance tax-free. They can also pass over their unused allowance of £325,000.
This guide to Inheritance Tax on the MoneyHelper website will help:
I hope that helps for now.
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