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Finance & Banks : Inheritance Tax


Inheritance Tax

Inheritance tax is a tax payable on your 'estate'. Your 'easate' is broadly speaking everything you own at the time of your death, less what you owe. It is also sometimes payable on assets you gave away during your lifetime. Assets can include things like property, possessions, money and investments. Inheritance tax only applies if the taxable value of your estate when you die is above 275,000.

For independent advice on inheritance tax try this link.

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