I would appreciate any thoughts on the following -
A man who was born in Eire and he and his wife lived in Eire . The house in Eire is owned solely by the wife (£700K). His wife was from the UK . After his death she moved back to the UK and bought a house here. She inherited all from her late husband. Im just clarifying if there was a will or intestacy.
Can the wife claim the unused nil rate band of her spouse. Any problems with the property in Eire with regards to inheritance tax.
It seems at first sight that UK Inheritance tax would be irrelevant to the husband’s death. It sounds as if he was Irish domiciled and his non-UK property would therefore be “excluded property” for IHT purposes.
I don’t see any reason that the wife’s estate couldn’t benefit from the transferable nil rate bands. There’s no restriction for a spouse who was non-dom/LTR
If there were Irish assets, there might be Irish IHT (called ‘CAT’) to pay. There is a double tax treaty between the countries which helps to avoid double taxation.