Mortgage deposit: Nearly half of UK first-time buyers are getting inheritance money early

Mortgage deposit: Nearly half of UK first-time buyers are getting inheritance money early

- in Finance
38
0



INHERITANCE TAX is the tax on an estate of a person who has died. The standard IHT rate is 40 percent, however this is only usually charged above a specific threshold. However, it seems that some people are instead getting money which would have been passed onto them after death earlier – with nearly half of UK first-time buyers getting inheritance funds early in an effort to boost their mortgage deposit.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like

State Pension: Can I claim State Pension in more than one country?

STATE PENSION is a Government payout given to