UK Inheritance Tax Basics
This is a massive subject and full of twists and turns. Unlike other main taxes IHT does not apply to everyone in the same way. This article will deal with the basics of the tax and show ways in which it can apply in different scenarios. 1. Who is liable for the tax? UK domiciles wherever they are living. Very simple 2. What is a UK domicile? Anyone whose father who had the UK as his centre of life. You
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