Non-motoring > Tenacy and IHT Miscellaneous
Thread Author: Ambo Replies: 2
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New Mon 22 Feb 16 13:14 
 Tenacy and IHT - Ambo
In the straightforward case of a legally married couple, am I right in saying that each gets a full IHT tax free limit of £325,000, i.e. they get a total of £650,000? Time was when only tenants in common got this while joint tenants got only £325,000 between them.

Also, tenants in common can separately leave their share of a property to anyone they like, regardless of what their partners intend. I presume such gifts automatically await the death of a survivor?
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 Tenacy and IHT new Ambo 22 Feb 16 13:14
 Tenacy and IHT new Focal Point 22 Feb 16 14:41
 Tenacy and IHT new Focal Point 22 Feb 16 14:47
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