Probate and Inheritance Tax – which estates are exempt from HMRC reporting?

From 1st January 2022, inheritance tax reporting requirements have been reduced for 90% of estates that require probate, but don’t have an Inheritance Tax liability. This is great news for so many people as the paperwork burden of probate will be significantly reduced. The affected estates are known as excepted estates.

Why not check out the other videos about Inheritance Tax on my channel?

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