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Fewer than one in 20 estates pay inheritance tax
Fewer than one in 20 estates are subject to inheritance tax (IHT), with the average effective tax rate paid by taxpaying estates at 13%. The rate reflects the impact of exemptions, reliefs and tax-free allowances, according to government figures published this week. HM Revenue & Customs (HMRC) published figures relating to the tax year 2023-2024 in its annual Inheritance Tax
Fewer than one in 20 estates pay inheritance tax
Fewer than one in 20 estates are subject to inheritance tax (IHT), with the average effective tax rate paid by taxpaying estates at 13%. The rate reflects the impact of exemptions, reliefs and tax-free allowances, according to government figures published this week. HM Revenue & Customs (HMRC) published figures relating to the tax year 2023-2024 in its annual Inheritance Tax
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