{"id":11614,"date":"2016-04-29T01:00:23","date_gmt":"2016-04-28T18:00:23","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/if-i-die-before-my-partner-will-he-pay-inheritance-tax-on-our-home\/"},"modified":"2016-04-29T01:03:30","modified_gmt":"2016-04-28T18:03:30","slug":"if-i-die-before-my-partner-will-he-pay-inheritance-tax-on-our-home","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/if-i-die-before-my-partner-will-he-pay-inheritance-tax-on-our-home\/","title":{"rendered":"If I die before my partner will he pay inheritance tax on our home?"},"content":{"rendered":"


\nMy partner and I own a house in a 50\/50 split, when I die my half will pass to him, but I\u2019m concerned the value might put it over the inheritance tax thresholdQ: As a cohabiting couple, we bought our home as tenants in common with a 50\/50 split. I know that through a will, I can let my half pass to my partner. But if my half is above the inheritance tax threshold, does that mean if I die first, he then has to pay inheritance tax? PMA: The only way you can make sure that your half of your joint home goes to your partner is to make a will naming him as the beneficiary of your share of the property. He would only inherit the property automatically if you were joint tenants of the home rather than tenants in common. If you don\u2019t make a will, he won\u2019t get your share as it will go to a member of your family under the intestacy rules. If you die without a will \u2013 and are unmarried or not in a civil partnership \u2013 your estate goes to your children if you have any, to your parents if you don\u2019t and to your siblings if your parents are dead. If you are married or in a civil partnership and die intestate, the surviving spouse or civil partner gets everything if there are no children. But if there are children, the survivor gets the first \u00a3250,000 of the estate plus half the reminder and the personal possessions of the deceased with the children getting the rest. Continue reading…
\n
\nSource : theguardian.com
\nRead more…If I die before my partner will he pay inheritance tax on our home?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

My partner and I own a house in a 50\/50 split, when I die my...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-11614","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-31k","jetpack-related-posts":[{"id":50205,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/as-tenants-in-common-could-we-specify-that-our-children-inherit-our-property\/","url_meta":{"origin":11614,"position":0},"title":"As tenants in common, could we specify that our children inherit our property?","date":"March 30, 2017","format":false,"excerpt":"\r My husband and I would like to sever our joint tenancy in order to stipulate in our wills who gets our share when one of us diesQ My husband and I are considering severing our joint tenancy and becoming tenants in common. 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