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| *The Commerce Journal>>>United Kingdom Taxes |
What tax if any to I have to pay if left money and property by deceased relative? |
What tax if any to I have to pay if left money and property by deceased relative? The capital element of any legacy will be passed to you after the executors have settled any IHT that is due. There is no further liability. You have to pay inheritance tax Inheritance tax - but only if its over 拢300,000 u pay inheritance tax if u r left over 拢320,000 the rate got upped last year when gordon brown was chancellor of ex-chequer |
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