Are Limited Companies Subject To Inheritance Tax? | Get All Answers!
IHT is a tax on the estate—money, property, shares, you name it—of someone who’s passed away. In the UK, it’s not the beneficiaries who pay (phew!), but the estate itself, handled by the executor. The standard rate? A hefty 40% on anything above the tax-free threshold, known as the Nil Rate Band (NRB),