Subject: Re: Safer to diversify?
> Basic rule 40% tax on everything over GBP 325k.

I believe excluding a house, up to 500k, passed to a partner.

So for many people, the IHT limit is closer to 500-800k, before they pay a penny of tax.

It's also worth noting that the issue of whether recipient or estate is taxed could be a big deal.

For example, if you live in the country X which taxes estates, and you have children who inherit but live in say Spain or France.

The estate and the recipient can be separately taxed without necessarily being able to offset the tax paid, since they're different people(/estates) being taxed.