Whats the law re Inheritance Tax?

[ramesh046]

in regards to If the spouse dies and also if then the other parner later dies as well, I jhave 2 children in UK and married.



Thanks

[factor-fiction]

For large numbers of people Inheritance Tax isn't an issue.
The threshold is £325000 for a single person. I understand that if a spouse dies his/her allowance is transferred to the wife/husband, bringing the surviving partner's allowance up to £650,000
Read this:
http://www.which.co.u...s-rates-and-who-pays/

I'm a bit puzzle dthough as to your scenario, given that the spouse died and then the partner - so i'm not sure where you fit in.

[factor-fiction]

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