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What is Inheritance Tax?

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HMRCgovuk

An overview of Inheritance Tax and how it works.

Thresholds, rules and allowances
https://www.gov.uk/inheritancetax

How to value an estate for Inheritance Tax and report its value
https://www.gov.uk/valuingestateof...

Applying for probate
https://www.gov.uk/applyingforproba...

HMRC is the UK’s tax, payments and customs authority. We collect the money that pays for the UK’s public services and help families and individuals with targeted financial support.

You can use social media for help with general queries relating to any of HMRC’s products and services:

Twitter:   / hmrccustomers  

Facebook:   / hmrc  

0:00 Introduction
0:07 When would you normally not pay Inheritance tax?
0:27 The value of the deceased person’s estate
0:44 You’ll need to know about any money the deceased person owed
0:57 The standard Inheritance Tax rate
1:07 If the deceased owned their home
1:31 When the estate is worth more that £2 million
1:40 If the deceased home is passed on to their husband, wife or civil partner
1:49 If the deceased estate doesn’t use up all it’s taxfree allowance
2:06 Further help and support

posted by cacoletsfv