Birdwatch Note Rating
2024-11-02 15:57:05 UTC - HELPFUL
Rated by Participant: ED5CCBC62F9381488DE61FC3B552F941B2B53D8186F14C4D773F86509E780D2A
Participant Details
Original Note:
The claim of £800,000 tax is inccorect as the first £1m is tax free so the total would only be £600,000. If he farm is owned by a couple and there is a property involved the threshold would increase to £3m. Tax payments can also be made over 10 years. https://www.gov.uk/paying-inheritance-tax/yearly-instalments https://www.theguardian.com/uk-news/2024/nov/01/farmers-shocked-budget-inheritance-tax-estates
All Note Details