Inheritance tax: Difference between revisions

From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson
(Added term that seems to have been missing from Wiki but has existing links 23/10/13)
 
imported>Doug Williamson
m (Amend minor typo. Remove reference to Death duties.)
Line 1: Line 1:
''UK tax''
''UK tax''


Tax paid on an estate (assets minus debts) when a person dies, if the estate is valued about a certain threshold.
Tax paid on an estate (assets minus debts) when a person dies, if the estate is valued above the relevant threshold.
 
Historically referred to as Death duty.


[[Category:Taxation]]
[[Category:Taxation]]

Revision as of 18:17, 23 October 2013

UK tax

Tax paid on an estate (assets minus debts) when a person dies, if the estate is valued above the relevant threshold.