How does inheritance tax taper relief work in the united kingdom

When someone dies and leaves their assets, an inheritance, to beneficiaries (usually family and friends), they are liable to pay Inheritance Tax (IHT) based on the value of those assets, the deceased’s estate. There are certain tax thresholds and tax reliefs that can be applied which can reduce the amount of IHT to be paid.


https://www.probatesonline.co.uk/how-does-inheritance-tax-taper-relief-work-in-the-united-kingdom/