Its not just the house fella. its everything in the estate.

Any savings, pensions, shares, assets, houses etc. It all goes to the estate, and it soon adds up to more than £275K.

yeah - that's everything :) they were honest, hard working and had morals hence didn't earn very much money :)

Fair nuff, just thought id point it out incase it was a case of misunderstanding. :thumbsup:

cheers! if they DO have any hidden assets, i'm sure i'll find out the hard way ;)

Don't forget to take the mortgage off the value of the estate.

I'm sure that none of us regards their parents as their best investment :lol:

There are a lot of ways around IHT. You just have to know what you're doing :wink:

I cursed at my dad and told him I did not want anything left for me after his death. I insisted he enjoy the autumn years to the fullest and gladly he took my advice.

Unfortunately he did pass away not too long afterwards, handcuffed to a four poster bed in the penthouse suite of a Hotel in Miami in the presence of a 25 year old blonde with rich endowments.
Whisky bottles were scattered about the room and traces of a strange powder like substance on the bedside table,along with a bottle half filled with a certain performance enhancing drug. Even in death he still somehow managed to have a sense of humour as the coroners stretcher carrying him out, seemed to have a very odd but noticeable peak beneath the blanket. :wink: :lol:

no mortgage :D

Gnan wrote:

Not always a good move mate. :wink:

Problem is because this is a university City the rents are a lot more than the morgage payments :(

I'm so glad i live up north. Cant justify moving south when you can get a large 3 bed house for £130k on a decent plot of land here. When i buy later this year i'll be looking at houses in the region of 100k which need a little modernisation.