SMART Bookkeeping and Accounts’ Post

Inheritance Tax (IHT) impacts estates over £325,000, with rates of 40% on death and 20% on certain gifts. A 36% reduced rate applies if 10% of the estate is left to charity. Executors must value estates and may need to file tax returns for the deceased and their estate. #InheritanceTax #EstatePlanning #TaxTips

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