58 reactions · 4 comments | Here's how much inheritance tax costs in the UK! | MP Estate Planning UK | Facebook

Do you think inheritance tax is a fair tax? When you pass away, all your accumulated possessions—cars, houses, pensions, bank accounts—will be left behind. But another thing you leave behind is a tax bill. Depending on the beneficiary, they will most likely face Capital Acquisitions Tax, previously known as inheritance tax. There are rules, regulations, and some exemptions, but typically, anything above a certain threshold is taxed at 33%. Last year, the government collected over €600 million in