£3000 *per year* tax-free. Which you can roll over into a second year. Or if you know you're dying soon, leave it in your will instead.
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In the will it's still taxed which is the problem. If your parents just died, you shouldn't get pre-taxed on the money that's most likely just gonna barely cover the cost of burying them. When spending the money they'll be taxed already so it's not like that money will never get taxed.
aug 4, 2025, 10:51 am • 0 0 • view
In the will it's only taxed if it's over ONE MILLION POUNDS. So it doesn't affect people who aren't wealthy.
aug 4, 2025, 10:55 am • 0 0 • view