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Inheritance Tax (IHT) in the UK might seem daunting, but it's a pivotal aspect of financial planning for many. It's a tax on the estate of a deceased person, including all their assets, property, and certain gifts made during their lifetime. Understanding the fundamentals of IHT is crucial for anyone looking to safeguard their legacy and ensure their loved ones are cared for in the future.
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Note: This page is for information purposes only and should not be considered as financial advice. Always consult an Independent Financial Adviser for personalised financial advice tailored to your individual circumstances.