Inheritance Tax Allowances
- shericehobbs
- Dec 8, 2023
- 1 min read
Inheritance Tax (IHT) is a tax on the estate of someone who has died, including all property, possessions and money. The standard Inheritance Tax rate is 40%. It’s only charged on the part of your estate above the tax-free threshold, which is currently £325,000.
But did you know there are other allowances you can claim to reduce Inheritance Tax?
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