What Is The 7 Year Rule In News Today : Breaking News, Live Updates & Top Stories | Vimarsana

| 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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