Do I need to pay inheritance tax?
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Works at the International Union for Conservation of Nature, Lives in Gland, Switzerland.
Inheritance tax (IHT) becomes an issue when someone dies. It is a one-off tax paid on the value of the deceased's estate above a set threshold -C currently --325,000. The tax is set at 40% of any value over that threshold, reduced to 36% if more than 10% of the estate is given to charity.
2023-05-08 23:44:15
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Ethan Henderson
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Inheritance tax (IHT) becomes an issue when someone dies. It is a one-off tax paid on the value of the deceased's estate above a set threshold -C currently --325,000. The tax is set at 40% of any value over that threshold, reduced to 36% if more than 10% of the estate is given to charity.