The UK Government has confirmed it will not increase the threshold for Inheritance Tax (IHT) transfe...
The UK Government has confirmed it will not increase the threshold for Inheritance Tax (IHT) transfers for non-domiciled spouses. In an official letter to Scottish Life International (SLI), Dawn Primarolo, MP and paymaster general, said the Government would not raise the threshold from £55,000, for inter-spouse transfers where the transfer spouse was UK-domiciled but the transferee spouse was not. She said IHT would continue to be payable on any amount over £55,000, if the spouse died before the stipulated seven- year period. This system differs from the UK, where transfers between UK-do...
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