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GENERAL
INHERITANCE TAX
Reliefs
In addition to the exemptions outlined above, certain reliefs (2005/06) may apply:
(a), (b) and (c) relate to a reduction in the value on which Inheritance Tax is charged.
(d) and (e) relate to a reduction in the amount of Inheritance Tax.
Mortgage Products
Legacy
Disclaimer
Pension Products
Contact
Protection Products
Investment Products
General
INHERITANCE TAX
In addition to the exemptions outlined above, certain reliefs (2005/06) may apply:
| (a)Business Property | 50% or 100% |
| (b)Agricultural | 50% or 100% |
| (c)Woodlands | 100% (liability deferred) |
| (d)Quick Succession | 100% maximum |
| (e)Taper relief on PETs | 20% to 80% depending on number of years between transfer and death (3 to 7) |
(a), (b) and (c) relate to a reduction in the value on which Inheritance Tax is charged.
(d) and (e) relate to a reduction in the amount of Inheritance Tax.
