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Article: Revenue gets in at the death.(inheritance taxes)(Brief Article)(Statistical Data Included)
- Article from:
- Money Marketing
- Article date:
- September 7, 2000
- Author:
CopyrightCOPYRIGHT 2000 Centaur Communications Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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In the first of a series of articles aimed at refreshing IFAs' memory on inheritance tax issues Scottish Widows senior marketing manager (technical support) Anne Young explains when an account of a deceased person's estate will have to be made to the Capital Taxes Office
If the Inland Revenue didn't get you while you were alive, its last chance is when you die.
Many people call inheritance tax a voluntary tax as there are so many opportunities to give away money and not pay any IHT. But how many of us are prepared to make gifts of our worldly goods during life?
Yet there are lots of ways to reduce the tax payable without giving up too much. ...