I am dealing with an estate and I am trying to ascertain if QSR is available.
The background is that the deceased’s wife died in October 2013.
Her estate passed to the deceased absolutely and, hence, was covered by spouse exemption.
She had made some substantial PETS (£580,000) which became chargeable, by virtue of her death.
This resulted in IHT being due on the failed PETs.
As her free estate is exempt for IHT, can I still claim QSR on her husband’s estate?
Any guidance would be greatly appreciated.
Harold Bell Infields & Co