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FAQs & Advice - Inheritance Act Claims

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What is Inheritance Tax?

Inheritance Tax is not something you hear about on a day to day basis, but in the cases where it applies, it is important that those involved are aware of the tax implications that can come into play. The tax is applied to people who are passing on property or anything of monetary value over the value of £325,000 to their descendants following death. Currently, it is estimated that 40,100 families pay Inheritance Tax – that’s approximately 8% of estates in the country.