Inheritance Tax: Britons ‘easily reduce IHT bill by £800m through key tax relief Rebekah Evans
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Inheritance Tax is chargeable on a person s estate which falls above a particular threshold when they die. It is currently set at 40 percent, which means many families will have to confront the levy upon the death of a loved one. Understandably, as tax will reduce the amount of a person s estate which can be inherited, many will wish to legally reduce or wipe out their Inheritance Tax bill, if possible.
Recent insight has shown UK taxpayers were able to save over £800million in Inheritance Tax last year alone, according to research by private equity investment firm, Growthdeck.
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