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Death Duties

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Bea | 22:30 Wed 22nd Sep 2004 | Business & Finance
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Does anyone know how much inheritance tax/death duties have to be paid when you are left a house to the value of 165000 if any????
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Avatar Image Maud
If the total value of the estate (including the house) comes to more than �263,000, tax at the rate of 40% must be paid on the amount above �263,000 before probate will be granted. If less than �263,000 no tax is levied.
22:49 Wed 22nd Sep 2004

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