Is my widowed mother’s 75% share in our co-owned home exempt from IHT if it’s below £1 Million?2024-09-09T10:14:45+01:00
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Great information thank you! This is a really helpful summary. I’m thinking of contributing 25% towards the cost of a house for my widowed mum and holding a 25% share as a tenant in common, with my mum owning the remaining 75%, and she will live in the house as her primary residence. Is her share exempt from IHT on her passing if the value of the home is less than £1 million?

Team QLAW! Posted new comment 9th September 2024
Team QLAW! commented

Brett’s question came from our ‘Joint Tenancy or Tenancy in Common’ blog post. Read HERE for more information on when you pay inheritance tax
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