Inheritance Tax advice

A question about : Inheritance Tax advice

My father died in 2006 and left everything to mum, so no IHT was payable though the joint estate would have been enough to warrant it (i.e was greater than the 2006 threshold of Ј285k)

Mum has just died and I've been told that the IHT threshold is today's (Ј325k) plus dad's combined, so Ј610k.

IS this true??

Best answers:

• No.
  If no assets went elsewhere then there is 100% unused allowance.
  That doubles the current allowance.
  https://www.gov.uk/inheritance-tax/l...-civil-partner
• OK, many thanks!
• https://www.gov.uk/government/upload...532/IHT402.pdf
  the real calculations are in 17-20
• TBH I don't know what the estate would've been valued at in 2006 which is when dad died- pre house price -ahem- 'crash' it was possibly worth quite a lot, I'd say definitely more than Ј285k, especially also including his pension lump sum. I believe the house is now worth about Ј400k, and the rest of the estate, probably Ј50k.
  The last linked form says to use it if the first death was after 2007, I see. Which it wasn't.
• https://www.bennettwelch.com/inheritance-tax-faqs
  How does it work?
  What is transferred is the unused percentage of the first to die's nil rate band.
  Example 1
  Mr Adam dies on the 1 July 2001 and leaves everything to his wife, Mrs. Adam. At the time of his death the nil rate band was Ј242,000.
  Mrs Adam dies on the 1st April 2010 at the date of her death the nil rate band was Ј325,000.
  As Mr Adam used none of his nil rate band then 100% is transferable but at the level at the time of Mrs Adam's death so her estate will receive a nil rate band of Ј650,000.
• Hi
  Please be informed that you have to CLAIM your father's IHT allowance within 2 years of your mother's death.
  That is, using the relevant claim form.