Inheritance Tax (United Kingdom)

Inheritance Tax (United Kingdom)

In the United Kingdom, Inheritance Tax is a transfer tax. It was introduced with effect from 18 March 1986 replacing Capital Transfer Tax.

Read more about Inheritance Tax (United Kingdom):  History, Nil Rate Band Thresholds - Transferable To Surviving Spouse(s), Tax Estate, Deductions, Minimising IHT, Nil-rate Band, Pre-owned Assets, Controversy

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Inheritance Tax (United Kingdom) - Controversy
... InheritanceTax is an emotive tax which seems to be widely disliked by the general public as it comes at the time of loss and mourning ... Inheritancetax for most people is a tax-on-tax,in that wealth such as personal savings and property would have been built up from personal income already subject to income tax ... In 2002 The Queen Mother is understood to have left her entire estate estimated at 50 million to her daughter Elizabeth II,including works of art,jewels,antiques and her ...

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