How Much Is Inheritance Tax 2024 Uk. Here is a table detailing how much inheritance tax would be paid on estates worth £1 million, £2.5 million, and £9 million under. Inheritance tax is a tax on the estate (property, money, and possessions) of someone who has died.
What is inheritance tax in the uk? Inheritance tax (iht) is levied on the value of all the assets in an individual’s estate on death, after deducting any liabilities, exemptions and reliefs.
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