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What is inheritance tax?

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βˆ™ 2015-11-19 11:12:46

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Inheritance Tax is a tax which can arise where a beneficiary receives an inheritance as a result of someone dying. The beneficiary is responsible for paying the tax. An inheritance can be taken under a will or intestacy - or in some other way such as, for example, where an asset in the joint names of the deceased and another person is taken, on the death of the deceased, by that other person as Survivor.

2015-11-19 11:12:46
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