Inheritance tax: Difference between revisions

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''UK Tax''.
''UK tax''.


Tax paid on an estate (assets minus debts) when a person dies, if the estate is valued above the relevant threshold.
Tax paid on a person's estate when they die, if the estate is valued at a certain threshold.


The amount of the estate is - roughly speaking - the assets minus the liabilities.




== See also ==
Historically referred to as Death duty.


* [[Income Tax]]


[[Category:Taxation]]
==See also==
*[[Estate]]
*[[Tax]]
 
[[Category:Accounting,_tax_and_regulation]]

Latest revision as of 16:48, 2 March 2022

UK tax.

Tax paid on a person's estate when they die, if the estate is valued at a certain threshold.

The amount of the estate is - roughly speaking - the assets minus the liabilities.


Historically referred to as Death duty.


See also