United Kingdom: Inheritance
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Last Updated: Jul 15, 2007
Inheritance tax and law
Transfer of UK assets during a taxpayer’s lifetime or death is subject to inheritance tax, which likewise governs taxes on gifts. The current tax threshold is £285,000 (€418,446). Estates or assets exceeding the said threshold in value are taxable at a rate of 40%. Transfers between spouses are exempt from tax if both are domiciled in UK.
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