• tkc
    link
    fedilink
    English
    11 year ago

    I really thought it was higher to be honest. That’s even worse. Fully support it being raised, but not removed.

    • Chaotic Entropy
      link
      fedilink
      English
      1
      edit-2
      1 year ago

      There are a bunch of adjustments, chief among them that if you inherit spouse to spouse then it isn’t taxed and if spouse 1 passes away without using their inheritance tax amount then you get to use their inheritance tax amount too when you pass away, effectively doubling the limit. Among others, like allowances around your primary residence.

      The best thing you can do for your loved ones is leave a Will and a clear paper trail, trust me.