W died and left entire estate to H (no lifetime gifts)
On H’s death (post Jan 22), H’s estate together with lifetime gifts is £400,000. Does this mean that the estate is excepted (thus no IHT400 required)?
If W had used some of her NRB with lifetime gifts or on death, am I right in thinking that this would not considered to be excepted (and thus IHT400 would be required).
I would be grateful for clarification.