Property News · April 10, 2016

Inheritance tax: a brief history of death duties


In 2014, the latest year for which data is available, 28,000 estates, or 5% of all deaths, were subject to the taxModern inheritance tax dates back to 1894 when the government introduced estate duty, a tax on the capital value of land, in a bid to raise money to pay off a £4m government deficit. Related: Cameron faces questions over £200,000 gift from mother Continue reading…

Source : theguardian.com
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