HMRC Limiting Liabilities On Death
Free PDF Guide & Information:
On 17th July 2013, the UK Finance Act 2013 was introduced. Part of the Act confirms that not all debts of the Deceased’s Estate will be deductible for Inheritance Tax (IHT) purposes on their death, whereas previously they would have been deductible.‘Section 175A 147a 1984 disallows a liability on death where the liability is not actually repaid out of the estate’.
This Guide explains why this is a significant issue that will impact many Clients.
