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In the UK 40% on the value of the estate above (£325,000 in 2011-12).

However, there is no inheritance tax if the estate is passing to the surviving partner of a marriage. Also if the first partner's exemption threshold (ie £325,000 in 2011-12) is not used or all used, the unused portion can be passed on and added to the threshold of the second partner when they die.

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13y ago

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