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United Kingdom: Inheritance Tax Tips To Save Money

United Kingdom: Inheritance Tax Tips To Save Money

You can legitimately plan and manage your tax and save money to survive and thrive.

Inheritance tax receipts in the United Kingdom amounted to approximately 5.32 billion British pounds in 2020/21. The standard rate of inheritance tax is 40% of any amount over £325,000. Each year, approximately 24,500 estates are required to pay this amount1.

If you are running a business, have personal investments, or should you wish to opt-out of the statistics, plan your tax affairs, this article takes you back to the helpful basics.

Here are the 9 Simple and overlooked Tax saving tips for UK individuals you should know.

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