What Is Inheritance Tax? Know Here
Inheritance tax the UK is a tax on property or estate, possessions and funds of someone who is died. They no need to pay inheritance tax if either: Your estate value is below the £325,000 threshold.
Estate and Inheritance tax is very similar because of the purpose following them which is death. The former one is relevant to the entire value i.e. the net amount of the departed person on the date of their death and later one is applicable to the recipients. Read more about Inheritance tax this article.