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
(Layout.)
 
(7 intermediate revisions by the same user not shown)
Line 1: Line 1:
''UK tax''
''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.


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


Historically referred to as Death duty.
Historically referred to as Death duty.


[[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