Question:
I live with my new husband in his property, which is not in my name. My daughter is living in the house I owned and where I had lived for two months, and has a residential mortgage. When I die will my daughter have to pay inheritance tax (IHT)?
Arthur Weller replies:
I presume your daughter will inherit from you when you die. If so, she will pay IHT if the value of what she inherits from you exceeds £325,000. This is a simplified answer, without knowing all the details of your particular scenario.
