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Inheritance tax is a tax levied on the estate of a person who has passed away. It applies to the total value of their assets, including property, savings, investments, and personal belongings. The standard rate of inheritance tax is 40%, and it is applied to the portion of the estate that exceeds the inheritance tax threshold.
Popular tags: inheritance tax, iht tax, inherent tax, inheritance and taxes, hereditary tax, inheritance taxation, succession tax, inheritance tax england, british inheritance tax, inheritance tax in uk, inheritance tax threshold, inheritance tax limit, calculating inheritance tax, inheritance tax planning, inheritance tax limit
Navigating the complexities of Inheritance Tax (IHT) planning in the UK can be daunting, yet understanding how to strategically use investments and pensions for this purpose is crucial for anyone looking to manage their estate effectively.
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Note: This page is for information purposes only and should not be considered as financial advice. Always consult an Independent Financial Adviser for personalised financial advice tailored to your individual circumstances.