Inheritance Tax
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Inheritance Tax
Paul Lewis (Journalist) gives expert video advice on: How can I avoid or minimise my inheritance tax liability?; What is inheritance tax?; What limits and rules do I have to be aware of when giving gifts?
What is inheritance tax?
When you die, the value of everything you leave is assessed. And if it's more than a certain amount, then the excess is taxed at 40%. And that money goes to the treasurer.
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