Life assurance and inheritance tax

fredpuli47 | 23:03 Thu 22nd Jul 2010 | Personal Finance

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If a person were to take out a policy payable on death would the payment out on death be treated as part of their estate and taxable ? If not, could such a policy be useful to pay all or part of any inheritance tax payable by the estate ?

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Buenchico

Scroll down to Question 3, here:
http://news.bbc.co.uk...ing_lunch/2326123.stm

Chris

fredpuli47

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Thanks. I like the 'if you can afford it' bit in the link. There's always a snag, isn't there ?

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