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Inheritance Tax: IHT should be scrapped, poll states - 'legalised state theft!' | Personal Finance | Finance

| UPDATED: 14:34, Thu, Mar 4, 2021
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Inheritance tax (IHT) is chargeable on the value of an estate of a person who has passed away, which falls above a certain threshold. The tax is set at 40 percent, meaning those who are left behind will have to deal with the levy before they can inherit assets left to them. In yesterday’s Budget, many were hopeful the Chancellor Rishi Sunak would announce the Inheritance Tax would be eradicated, or altered somewhat. However, some experts believed a rise to IHT would instead be on the cards. ....

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Inheritance Tax: Rishi Sunak could take action on IHT in today's Budget - details | Personal Finance | Finance

| UPDATED: 15:08, Wed, Mar 3, 2021
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Inheritance tax (IHT) is chargeable on the value of a person’s estate which falls above a certain threshold when they pass away. Presently, Inheritance Tax is set at 40 percent and will usually be applicable to estates with a value of more than £325,000. While IHT can bring in a significant tax take for HMRC, the tax is commonly accepted as one which is not well-liked among Britons. ....

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Inheritance Tax UK: How to prepare for IHT increase as Rishi Sunak pressured to rise levy | Personal Finance | Finance

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Inheritance tax is charged on the estate of a person who has passed away and currently stands at 40 percent above a certain threshold. Undoubtedly, with the impacts of the pandemic, government spending has soared, and some have suggested a rise to Inheritance Tax alongside other levies is necessary. While such a rise may not be popular, it could be imperative to help the country raise money and get back on track. ....

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