What All You Need To Keep In Mind About Inheritance Taxes UK?
Inheritance Tqax11 May, 2023Other
If you're a UK resident, there are several things to keep in mind about inheritance tax. The current threshold for inheritance tax is ?325,000, and the rate is 40% on any value above that threshold. You may be able to reduce your tax bill by making gifts to individuals or to charity, and certain assets, such as those held in a trust, may be exempt. Proper estate planning can help you minimize your tax liability. Visit our website for more information.
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