You're wrong
married partners don't pay any of the tax, and their £350k allowance is passed over to the surviving member.
(PsychoChomp, Wed 25 Apr 2012, 13:46, 2 replies, latest was 12 years ago)

Fair enough.
House prices currently being what they are though, even 650k is still well within middle class territory. My parents own two houses, one of which they rent out. Combined they own half a million pounds-worth of property and they are not unusual in this country.
( Kroney, Wed 25 Apr 2012, 13:48, Reply)

Even if they owned £1million worth of assets
they would only be taxed 14% which is less than VAT, and all costs of sale etc are tax deductable so it would be less.

It's really not an unreasonable tax, it's just sold as one by the very rich.
(PsychoChomp, Wed 25 Apr 2012, 13:52, Reply)

We're not talking about the current rate of IHT though
We're talking about her gay ex-boyfriend's proposal of 90%
( Kroney, Wed 25 Apr 2012, 13:54, Reply)

I'm pretty fucking sure it isn't unless you are extremely clever about how you hold your assets
but I'm willing to be proved wrong, here.
( the mighty badger Aphrodite, on a bar stool, by your side, Wed 25 Apr 2012, 14:00, Reply)

www.hmrc.gov.uk/inheritancetax/intro/transfer-threshold.htm
(PsychoChomp, Wed 25 Apr 2012, 14:08, Reply)

fair enough.
There always used to be massive restrictions on this, I didn't realise the rules had changed. Useful info, cheers.
( the mighty badger Aphrodite, on a bar stool, by your side, Wed 25 Apr 2012, 14:16, Reply)