Inheritance Tax demystified
AS BENJAMIN Franklin is once purported to have said, there are only two things that are certain in life: death and taxes. It’s a famous saying commonly used in a light-hearted sense to parody the realities of modern society. There is an inherent truth to the statement, and it might explain why Inheritance Tax (IHT) is considered the most hated form of taxation in Britain.
A survey carried out in 2015 revealed that three-fifths (59 per cent) of UK taxpayers opposed IHT. Delving into this
