The inheritance tax threshold for married couples refers to the amount of money or assets that can be passed on to a surviving spouse without incurring inheritance tax. Typically, married couples can transfer their entire estate to their spouse upon death without any tax liability, thanks to the spousal exemption. This threshold varies by country and is an essential factor in estate planning to minimize tax obligations for the surviving spouse.
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The amount of money or assets that a person can donate during their lifetime without paying inheritance tax (IHT) is known as the IHT gift allowance. Given that any donations in excess of the allowance may be liable to IHT, it is a crucial factor to take into account while preparing an inheritance. Visit our website or use the provided link to read our blog https://www.newscognition.com/....things-to-know-on-ih