Inheritance Tax Aggregation Rules

Discussion in 'Wills, inheritances and gifts' started by newbie, 15 Aug 2018.

  1. newbie

    newbie Frequent Poster

    Posts:
    54
    Chatting to someone today, they told me they inherited property & cash in an Aunt's will last year. Property sold recently and they were told because they inherited a cash sum 12 years ago from an another Uncle where inheritance tax was paid on that, they might have now pay extra tax on top now??? Flabbergasted..
     
  2. T McGibney

    T McGibney Frequent Poster

    Posts:
    3,555
    Inheritances are indeed taxed on a cumulative basis.