Inheritance Tax (United Kingdom)

Inheritance Tax (United Kingdom)

In the United Kingdom, Inheritance Tax is a transfer tax. It was introduced with effect from 18 March 1986 replacing Capital Transfer Tax.

Read more about Inheritance Tax (United Kingdom):  History, Nil Rate Band Thresholds - Transferable To Surviving Spouse(s), Tax Estate, Deductions, Minimising IHT, Nil-rate Band, Pre-owned Assets, Controversy

Famous quotes containing the words inheritance and/or tax:

    As to honour—you know—it’s a very fine mediaeval inheritance which women never got hold of. It wasn’t theirs.
    Joseph Conrad (1857–1924)

    Rumble thy bellyful! Spit, fire! Spout, rain!
    Nor rain, wind, thunder, fire are my daughters.
    I tax you not, you elements, with unkindness;
    I never gave you kingdom, called you children.
    William Shakespeare (1564–1616)