INHERITANCE tax is a tax levied on the estate of someone who has died and is passing on their assets. There is normally no IHT to pay on estates valued below £325,000, which is known as the nil rate band. Estates valued over this amount may have to pay tax though and this is where things can become complicated.
Source: Daily Express :: Finance Feed https://ift.tt/3c5gRMf
EmoticonEmoticon