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Have I answered these questions right for IHT?

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  • Have I answered these questions right for IHT?

    Husband created an IPDI. Immediate post death interest. Will trust became active on first death. Going to have a go at probate I have studied the forms but got stuck on these two questions when inputting details for IHT calculations.
    What was the value of tax free allowance the person who died inherited? Answer 0
    I think 0 is the right answer as he died first.
    What was the value of assets held in trust that they were able to benefit from? Answer 0. He died first and his will created a trust on his death and am still alive. Have I answered these questions correctly? Thanks
    Tags: None

  • #2
    You could try posting on the trustsdiscussionforum.co.uk
    I'm not sure you will get answers to your thread here, but I could be proved wrong

    Comment


    • #3
      Originally posted by janlee View Post
      Husband created an IPDI. Immediate post death interest. Will trust became active on first death. Going to have a go at probate I have studied the forms but got stuck on these two questions when inputting details for IHT calculations.
      What was the value of tax free allowance the person who died inherited? Answer 0
      I think 0 is the right answer as he died first.
      What was the value of assets held in trust that they were able to benefit from? Answer 0. He died first and his will created a trust on his death and am still alive. Have I answered these questions correctly? Thanks
      Your answers are correct and for the reasons that you say.

      Comment

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