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Hello
Sadlyl have lost both parents now. My first parent left a mirror will and l completed probate due to a separate savings account. My surviving parent has now passed. I am going to complete probate again. I believe the estate may just tip over the £650,000 combined nil rate, but l need to value the property as l feel it may be over estimated. I really don’t want to complete IHR 400 if it’s not needed but it’s conflicting as to whether the residential nil band rate is automatically applied and would this automatically have been done on the passing of the first spouse.. hence me not needing to do anything now? It’s really going to if anything, be very minimal above the combined nil band, if at all. I wonder if l am going to make this unnecessarily difficult in my grief. It’s not a complicated estate just a house and savings account and the part used by the first spouse.
Thank you for your help if you reply
Sadlyl have lost both parents now. My first parent left a mirror will and l completed probate due to a separate savings account. My surviving parent has now passed. I am going to complete probate again. I believe the estate may just tip over the £650,000 combined nil rate, but l need to value the property as l feel it may be over estimated. I really don’t want to complete IHR 400 if it’s not needed but it’s conflicting as to whether the residential nil band rate is automatically applied and would this automatically have been done on the passing of the first spouse.. hence me not needing to do anything now? It’s really going to if anything, be very minimal above the combined nil band, if at all. I wonder if l am going to make this unnecessarily difficult in my grief. It’s not a complicated estate just a house and savings account and the part used by the first spouse.
Thank you for your help if you reply
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