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Old 22-04-2013, 17:55
Emmersonne
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Join Date: Jul 2005
Posts: 4,411
The only thing I do disagree with is the potential "double taxation" (should there be more than £325k left) whereby the same earnings could be income taxed at 40% and then almost immediately subject to IHT at 40%.

If you inherit money that you pay IHT on, then die, there is "succession relief", where some of the tax already paid is set against your own bill, but for income, you can get hit twice.

Not particularly on Jade's estate, just in general, this bugs me.
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