Five common inheritance tax myths exploded

08-Sep-2015 #Globalwealth Source: The Guardian

Inheritance tax (IHT) is the most misunderstood and hated tax and the article explains the five most common myths associated with it like – inheritance tax raises lots of money for the government, it only hits the super-rich, one can pass on £1 million free of tax, the partner will inherit everything free of IHT and one can avoid IHT by giving all your money away.

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