There is even ground for everyone though.
For couples, put the house in joint names and take out a life insurance policy which will cover the IHT liability. If you're reasonably sure that there will be a 50 grand tax bill, then pay the £30 or so a month premium for a 50K life policy. That way, at death there will be the money to pay the tax bill and not have to sell the house. Plus, there's no way that the insurance premiums will have amounted to anything approaching the 50K payout.

It's not difficult and not that expensive.
(dozers, do fuck off ur a nob m8, Sun 15 Jul 2012, 20:06, 1 reply, 13 years ago)

But then there is the argument
That paying tax on income that has already been tax isn't cricket.
( JeffTheDogFucker Can you dig it?, Sun 15 Jul 2012, 20:21, Reply)

IHT is a tax on wealth, not income.
And your income gets taxed three times anyway.
(dozers, do fuck off ur a nob m8, Sun 15 Jul 2012, 20:24, Reply)

YMT is a tax on Your Mum.

( JeffTheDogFucker Can you dig it?, Sun 15 Jul 2012, 20:36, Reply)