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kanwal3017 | 13:58 Wed 29th Mar 2023 | Business & Finance
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The estate is estimated at 625000
  
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do you ever read your answers? Didnt chris answer this very question on your january thread on the same matter?
https://www.theanswerbank.co.uk/Business-and-Finance/Question1824330.html - in case you didnt read chris' answer the first time.
Also, it will depend on the value of the estate when he dies, not now
If the deceased had a spouse (or civil partner) who died before him/her, and leaving everything to them, the IHT allowance will be TWO lots of £325k (= £650k), meaning that there's no IHT to be paid at all.

Otherwise the allowance is just ONE lot of £325k, meaning that IHT will need to be paid on the excess £300k. That amount, at the current rate of 40%, is £120k.
You also didn't need to make another thread to answer a query in your previous one. It gets too confusing.
Didn't you say in an earlier post that the property, the house, had been left to both you and your brother?

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