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:
“A slave who deals wisely will rule over a child who acts shamefully, and will share the inheritance as one of the family.”
—Bible: Hebrew, Proverbs 17:2.
“But the tax collector, standing far off, would not even look up to heaven, but was beating his breast and saying, ‘God, be merciful to me, a sinner!’”
—Bible: New Testament, Luke 18:13.