What Is Inheritance Tax?

Few people understand what inheritance tax is and that when faced with the question, many people confess to being unsure of what it is.

Inheritance Tax Facts

Many people are often confused about with is Inheritance Tax and in particular whether they are liable to pay the tax.

Avoid Inheritance Tax

Although inheritance tax was originally intended for the rich, it has now expanded as the general population has increased in wealth.

Inheritance Tax Information

Few people truly understand what inheritance tax is and that when faced with the question what is inheritance tax many people confess to being unsure of what it is. Explained basically, inheritance tax is not paid by everyone and is often only paid on an estate when somebody has passed away. Although, it can also apply and be payable on trusts or gifts made during somebody’s lifetime. The majority of estates do not have to pay inheritance tax because the estate is valued at less than the overall threshold, which currently stands at £325,000.

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