What is Inheritance Tax?
An overview of Inheritance Tax and how it works.
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 tax-free allowance
2:06 Further help and support
Visit GOV.UK to find out more:
https://www.gov.uk/hmrc
Thresholds, rules and allowances
https://www.gov.uk/inheritance-tax
How to value an estate for Inheritance Tax and report its value
https://www.gov.uk/valuing-estate-of-...
Applying for probate
https://www.gov.uk/applying-for-proba...
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.
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