Tax Insider Tip: Inheritance Tax – Whose Money Is It?
If a bank or building society account is jointly held by family members (e.g. father and adult daughter) it can cause some difficulties for inheritance tax (IHT) purposes.
In a recent issue of Tax Insider, Mark McLaughlin highlights a potential inheritance tax pitfall of jointly held money accounts in banks and building societies, etc.
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>> Inheritance Tax – Whose Money Is It?