4.6 Inheritance Tax

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  • 4.6 - Inheritance Tax
    • What is the spouse or CP and charity exemption?
    • Outline the order of application of exemptions and reliefs
    • What is the annual exemption?
    • What is the small gift exemption?
    • What is exempt under normal expenditure out of income exemptions?
    • What gifts in consideration of marriage are exempt?
    • What is the IHT rate for lifetime chargeable transfers after the nil rate band has been used up?
    • What is tapering life?

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