Thread: Andy Burnham’s chronicles
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Old Yesterday, 21:24   #90
Dingbat
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Re: Andy Burnham’s chronicles
Quote:
Originally Posted by RichardCoulter View Post
This isn't correct. Allowances above the standard £325,000 exemption are made for spouses and children.
And when both parents pass, it becomes £500,000.

https://www.gov.uk/inheritance-tax/passing-on-home
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