All You Need To Know About Inheritance Tax Taper Relief

Inheritance Tqax01 Jun, 2023Other

Inheritance Tax Taper Relief is a provision that reduces the amount of inheritance tax owed on gifts or transfers made before a person's death. It applies to assets that have been held for a certain period of time before the person passes away. The longer the asset has been held, the greater the reduction in the tax liability. Taper Relief is designed to incentivize long-term ownership and reduce the burden of inheritance tax on estates. Visit our website for more information.