How does the inheritance work?

How do I work out inheritance tax on gifts to my children?

My husband died 3 months ago and I'm a bit stuck on the admin concerning his estate. Neither he, nor we as a couple were above the inheritance tax threshold, but in past years we ...show more
Answer:

Transfers between spouses are tax immune. Are these gifts bequests in his will. If the proposed gifts were not specified in his will they will be regarded as a gift by you alone and made after settlement of the estate. If no gifts are specified in a will everything passes (tax free) to you and then you make gifts. If you want to get help on the paperwork relating to his estate HMRC technicians will be happy to advise you. Call the phone number on the forms for advice. If his estate was below inheritance tax limit then you are fine

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