INHERITANCE TAX is the tax on an estate of a person who has died. The standard IHT rate is 40 percent, however this is only usually charged above a specific threshold. However, it seems that some people are instead getting money which would have been passed onto them after death earlier - with nearly half of UK first-time buyers getting inheritance funds early in an effort to boost their mortgage deposit.
Source: Daily Express :: Finance Feed https://ift.tt/3be926e
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