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Inheritance tax.

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dilligaf | 10:05 Mon 12th Sep 2005 | Business & Finance
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I understand that my children will have to pay inheritance tax on my house if I die within 7 years of leaving it to them.
Does this tax work on a sliding scale. Say if I died in six years time, would the tax payable be the same as if I died next year ?
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Yes the relief is tapered from 0 to 100% over the 7 years.
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Thanks Loosehead. Much appreciated.

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Inheritance tax.

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