Hello,
My mother died last July and I'm the executor of the Will and have Probate granted. My father died in 1985. The problem I have is I'm selling the house at £25K-£30K more than it was originally valued by an estate agent. This takes the value of the assets over the £325K threshold. Also, The DWP are investigating if they can claim any Pension Credit payments back. My questions are, can I use my fathers IHT allowance on top of my mothers, ie £650K?. Can I deduct any return payment to the DWP from the asset total?
Thanks in anticipation,
Corby.
My mother died last July and I'm the executor of the Will and have Probate granted. My father died in 1985. The problem I have is I'm selling the house at £25K-£30K more than it was originally valued by an estate agent. This takes the value of the assets over the £325K threshold. Also, The DWP are investigating if they can claim any Pension Credit payments back. My questions are, can I use my fathers IHT allowance on top of my mothers, ie £650K?. Can I deduct any return payment to the DWP from the asset total?
Thanks in anticipation,
Corby.
Comment