The fall of the Tory party

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Hefty in reply to @snottyotter

Granny’s current threshold is £325k for tables. £500k if there’s a main residence involved.

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slippers in reply to @Hefty

And those thresholds are transferred to the spouse, so it’s effectively a max of £1m untaxed for a set of parents.

It’s a weirdly high threshold…

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snottyotter in reply to @slippers

100% percent it over that though, and get rid of all the pre death transfer loopholes and we're all good.
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Hefty in reply to @slippers

The £500k (strictly £175k house, £325k anything) house thing is newish, 2017 I think. £325k sounds ok, £500k a bit high, then you double it for a couple and it’s nuts.

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