Inheritance Tax: How does it work? (UK)

Searching for clear answers about Inheritance Tax in the UK? Look no further! In this informative video, we break down the complexities of inheritance tax, helping you understand the ins and outs of this crucial financial topic.

Whether you're a beneficiary, executor, or simply curious about inheritance tax laws, our expert insights will provide you with a solid foundation. From the current thresholds and exemptions to strategies for minimizing your tax liability, we've got you covered.

We'll explore real-life case studies and practical examples, making sure you're equipped with actionable knowledge. Our goal is to empower you to make informed decisions that can protect your family's wealth and assets.

Topics covered in this video:
00:00 - Introduction to Inheritance Tax
00:29 - What is in your Estate?
01:10 - What isn't in your Estate?
01:24 - Who pays Inheritance Tax?
02:34 - Inheritance Tax Example
03:21 - Inheritance Tax when Married
04:09 - Married Couple Example
04:58 - How to reduce Inheritance Tax

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[Coolhandmeister]

I am non-resident in the UK, but have investments there. Both my parents were British, so considered UK domiciled by origin..Will my estate be liable to UK inheritance tax, and would that be on worldwide assets?

[SteveMoore]

With IHT Is there an order you must apply the additional residential nil rate on married couples being £350k first? Then 650k allowance!


Basically my question is as long as the house is over £350k then your do not pay 40% upto assets of £1million?