Inheritance Tax Successive Charges Relief
Published / Last Updated on 10/07/2019
Is there a risk of paying double inheritance tax if a person dies shortly after receiving inherited wealth from another estate that had already paid inheritance tax?
Successive Charges Relief:
"If in the 5 years before they died, the deceased inherited money or assets from another person's estate on which Inheritance Tax was paid, you may deduct successive charges relief to stop that legacy being taxed twice in a short period of time." ... source HMRC.
