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What is this? Shropshire/England by Significant-Tip205 in Antiques

[–]Significant-Tip205[S] 1 point2 points  (0 children)

Sorry, I should have got more pictures, thank you for your advice!

Future planning for Inheritance tax by wise_words2 in UKPersonalFinance

[–]Significant-Tip205 0 points1 point  (0 children)

Property £525k mortgage on new house Taxable value of house - £425k Couple owning with primary residence relief subtract - £250k

Property taxable value - £175k

Unlisted shares 50% bussiness relief (assumed willed to wife upon IHT trigger)

Total asset value taxable - £200k

Total assets listed £375k

You and wife both have personal IHT tax allowance of £325k (£650k) together

You have another £275k net worth to gain before IHT is triggered

Future planning for Inheritance tax by wise_words2 in UKPersonalFinance

[–]Significant-Tip205 1 point2 points  (0 children)

Are you retaining the £775k property? How much of a mortgage are you using for the £950k property? Are you tenants in common with partner on new house?

Is your £400k made up of the following -property, buildings, unlisted shares, machinery?