Inheritance tax in the United Kingdom

Common card · No. 395413

In the United Kingdom, the inheritance tax is a transfer tax. It was introduced with effect from 18 March 1986, replacing capital transfer tax. The UK has the fourth highest inheritance tax rate in the world, according to conservative think tank, the Tax Foundation, though only a very small proportion of the population pays it; 3.7% of deaths recorded in the UK in the 2020–21 tax year resulted in inheritance tax liabilities.

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