What is the threshold for inheritance tax?

[@UK-Property-Tax-Accountants]

Free IHT Calculator: www.optimiseaccountants.co.uk/inheritance-tax-calculator/

[@michaeldaviesspanishinheri3734]

Very comprehensive explanation🙏🏻

[@UK-Property-Tax-Accountants]

Thank you 🙏 Michael

[@arcticblaze1013]

Recently found your channel- it is a hidden gem! Thank you so much for all this info, it is really appreciated by a budding 19 y/o investor in the U.K.!

[@UK-Property-Tax-Accountants]

You are very welcome and i hope it helps you with all your tax and business/investment plans

[@annonymousperson8570]

Does the surviving partner need to complete a government form if their partner dies before 1st Jan 2022 to transfer the unused basic threshold or does it automatically get transfered?

[@UK-Property-Tax-Accountants]

That all depends on the partnership agreement. Please get legal advice

[@baronvonchickenpants6564]

What it if a married couple have a property as tenants in common One dies, and the other sells his half to pay for care fees?

[@UK-Property-Tax-Accountants]

Capital gains tax will need to be paid in both sides

[@bossinbooth4481]

Setting up Tenants in common with your children will get you out of paying IHT!

[@UK-Property-Tax-Accountants]

This is a great question but I’m not sure I wish to answer it. The reason being there are other tax consequences of making such a change. You also need to be mindful of the impact this will have on your buy to let mortgage

[@kingsleyjusthavingagomarti5409]

Could a friend lend me 1 million pounds to buy my parents property? Then my parents give him back the money ?