Inheritance Tax Calculator Uk 2024 Gov . However, the amount that's taxable will be lowered for anyone who leaves. If someone dies and their estate is worth more than the basic inheritance tax.
In the current tax year, 2024/25, no inheritance tax is due on the first £325,000 of any estate, with 40% normally being charged on any amount above that. Inheriting shouldn’t come with a hefty tax bill.
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Inheritance Tax Calculator Uk 2024 Gov Dodie Nananne , Inheritance tax of 40% is paid if you leave assets and cash in your estate worth more than £325,000.
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