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Inheritance Tax (IHT) Analysis
This worksheet will calculate the IHT payable at the death of either the client or the spouse. In the event of the death of one spouse the IHT liability can be deferred until the second death. In the event of a common disaster or the second death the tax liability is also calculated. This worksheet is linked to the Rates file for the current IHT tax exempt threshold. All of the asset & liability description labels can be changed as required.
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