Crankarm
Guru
- Location
- Nr Cambridge
The other thing my Dad always jokes about is the fact that the buffet at the funeral is tax deductible too.
When he dies his advice to me is fill your boots, the tax man will be paying 40% of it.
I don’t actually know if this is correct but it keeps him happy.
The cost of the wake is an acceptable expense whether IHT is owed or not, but it does reduce the amount on which IHT is payable so you are technically correct. So your old man is likely to have an Estate that will exceed £325k?