Probate News

February 20, 2021

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Inheritance Tax Gifts
Inheritance Tax
Laura Fontaine

Inheritance tax: Rules on gifts to loved ones should be simplified

Fewer people should have to pay tax on gifts given just before death, under proposals for a major overhaul of the inheritance tax system. At present, when someone dies within seven years of passing on money, property or possessions to loved ones, tax of up to 40% must be paid. The Office of Tax Simplification

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