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Inheritance tax rates vary by jurisdiction, but in the UK, for example, the standard rate is 40% on the value of an estate above the nil-rate band, which is currently £325,000. For an estate valued at £1.7 million, the taxable amount would be £1.375 million, leading to a potential inheritance tax liability of about £550,000. It's important to consult local laws or a tax professional for specific calculations and exemptions that may apply.

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3w ago

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