What is inheritance tax?

What's Inheritance Tax in England?

  • Hi :) I read in the newspaper that now David Cameron is Prime Minister, he's not going to cut Inheritance Tax, because the Liberal Democrats said he can't if he want them to get together. What's Inheritance Tax though? Thanks

  • Answer:

    Tax that is paid to the state when someone dies and leaves property and/or money. The tax is 40% of everything over £325,000 unless the beneficiary is a spouse (husband/wife/civil partner) in which case no tax is paid.

✨Speak your heart; don't bite yo... at Yahoo! Answers Visit the source

Was this solution helpful to you?

Just Added Q & A:

Find solution

For every problem there is a solution! Proved by Solucija.

  • Got an issue and looking for advice?

  • Ask Solucija to search every corner of the Web for help.

  • Get workable solutions and helpful tips in a moment.

Just ask Solucija about an issue you face and immediately get a list of ready solutions, answers and tips from other Internet users. We always provide the most suitable and complete answer to your question at the top, along with a few good alternatives below.