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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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TV Licence: BBC fee and Inheritance Tax should be 'scrapped' by Rishi Sunak in Budget | Personal Finance | Finance

| UPDATED: 14:18, Tue, Mar 2, 2021
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TV licence payments must be met by more people going forward as free licences were removed for over 75s unless they are in receipt of Pension Credit. This was a move which created much controversy, leading to many calling for the fee to be scrapped. A similar stance is taken by some when it comes to Inheritance Tax, payable on the estate of someone who has passed away. ....

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Inheritance Tax reclaims reach six-year peak - threshold and rate on HMRC levy explained | Personal Finance | Finance

INHERITANCE TAX is a levy on the estate - meaning the property, money, and possessions - of a person who has died. It s not something which will always apply, and in the cases that it does, some may be able to submit a reclaim. ....

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Money Talk: How does Inheritance Tax work? Experts answer IHT threshold questions | Personal Finance | Finance

| UPDATED: 21:54, Wed, Feb 17, 2021
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Recently, John wrote to Express Money after the sad loss of his father. In the first instalment of Money Talk, Julia Rosenbloom, tax partner at Smith & Williamson, and Carole Benn of Carole Benn Wealth Management Ltd (part of St. James s Place Wealth Management) shared their expertise and gave their suggestions for John, following his Inheritance Tax question. ....

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