Money Matters ; Peter Mcgahan Managing Director of Worldwide Financial Planning

Summary

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INHERITANCE tax is clearly one of the most unpopular taxes in the system and it's about to become even more unpopular.

Inheritance tax is paid on estates where a transfer is made on death of over Pounds 325,000. There are a number of exemptions, but I won't cover them in this column.

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Extract

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Money Matters ; Peter Mcgahan Managing Director of Worldwide Financial Planning

The biggest inheritance tax "exemption" is the inter-spouse exemption which "allows" you to give everything you have to your spouse - how delightfully kind.

That's the same money your employer paid...

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