personal finance

Inheritance Tax: Number of people repaid IHT due to falling house prices rises


There’s normally no Inheritance Tax to pay if the value of a person’s estate is below the £325,000 threshold, or if they leave everything above the £325,000 threshold to a spouse, civil partner, a charity, or a community amateur sports club.

Falling house prices are not the only instance where a person could successfully claim an IHT rebate.

According to NFU Mutual, if an executor sells shares and some other investments within 12 months of death, then they can also relaxin IHT paid on any loss through an IHT35 form.

However, there are some “watch outs”, if some shares or unit trusts have risen and others have fallen, all the sales are aggregated.



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