poppet2 Posted October 29, 2017 Author Share Posted October 29, 2017 Not really. The spouse would also have a nil band rate of £325,000. There is also a £100k family home allowance. Transferring everything to your spouse means that the nil band rate isn't used up, and so the surviving spouse is then able to give their children (or whoever) £650k before inheritance tax kicks in, even more if you are inheriting the family home (£850k) Wow, £850k allowance. That's more like it, especially if you live down south. Link to comment Share on other sites More sharing options...
willman Posted October 29, 2017 Share Posted October 29, 2017 Why shouldn't they pay tax on it? If they'd earned it by right they would have paid tax on it. Link to comment Share on other sites More sharing options...
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