Day: 2 August 2024
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Meet the Unexpected Victims of Inheritance Tax
Inheritance Tax (IHT) often hits hardest where it’s least expected, particularly among siblings, nieces, nephews, and friends who inherit property. Unlike parents and married couples, who benefit from specific tax reliefs, these groups find themselves facing substantial tax liabilities. (Read Time: Approx. 6 minutes) Topics Discussed: The Sibling Trap Under current inheritance tax rules, the…