Inheritence Tax and Property
Posted: May 25th, 2022, 9:38 pm
Hi
Possibly a commonly asked question, but would be interested in views...
A father has a house over the IHT threshold - say it's worth £2m. He is expected to live more than 7 years, has 2 sons, both higher rate taxpayers. He has limited other wealth. He wants to remain living in his house.
Is there anything the father and sons can do now to make the IHT position more efficient?
Thanks!
Possibly a commonly asked question, but would be interested in views...
A father has a house over the IHT threshold - say it's worth £2m. He is expected to live more than 7 years, has 2 sons, both higher rate taxpayers. He has limited other wealth. He wants to remain living in his house.
Is there anything the father and sons can do now to make the IHT position more efficient?
Thanks!