Inheritance Tax in the UK

Inheritance tax in the UK is payable when a large valued estate is handed over to a person, persons or business entity. Inheritance tax is usually due, or will potentially be due, when a person dies. There are also other occasions when it could be due, such as – when assets are transferred to a company or discretionary trust. Even if you are not due Inheritance tax, because the amount is too small, you will still have to fill out a grant of representation. There are certain instances where this is not required, but for the most part you will have to. Inheritance tax acts as a major burden on larger estates than it does on smaller ones. With larger rises in property rises, it can impact sums of money by a very significant percentage. The tax becomes larger as a perc View the rest of this article