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:

    Late in the afternoon we passed a man on the shore fishing with a long birch pole.... The characteristics and pursuits of various ages and races of men are always existing in epitome in every neighborhood. The pleasures of my earliest youth have become the inheritance of other men. This man is still a fisher, and belongs to an era in which I myself have lived.
    Henry David Thoreau (1817–1862)

    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)