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Inheritance Tax

16valves

16valves Posts: 2 Newbie

14 May 2008 at 4:17PM in I wanna buy it or do it

How much money would i have if i was told i would have to pay between 60-80% inheritance tax?

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Comments

16valves Posts: 2 Newbie

14 May 2008 at 4:23PM

Or does anyone have a guide to what percentages are taken away at what amount you have?

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whu Posts: 23,461 Forumite

14 May 2008 at 5:02PM

have a look at www.direct.gov.uk -this will give you an idea of the position

Keep the Faith:cool:
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Andy_L Posts: 13,171 Forumite

14 May 2008 at 5:20PM

The estate would pay 40% on anything above £312k assuming no action as been taken before death to minimise IHT
http://www.direct.gov.uk/en/MoneyTaxAndBenefits/Taxes/InheritanceTaxEstatesAndTrusts/DG_4016736

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