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Where Taxpayers and Advisers Meet
IHT interest rate reduced
06/01/2008, by Sarah Laing, Tax News - Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
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A new rate of interest for inheritance tax (IHT) purposes has been announced.

The rate of interest on underpaid inheritance tax has been reduced from 5 per cent to 4 per cent with affect from 6 January 2008.

Link

HMRC: Inheritance tax rates 

 

About The Author

Sarah Laing
Editor, TaxationWeb News

Sarah is a Chartered Tax Adviser. She has been writing professionally since joining CCH Editions in 1998 as a Senior Technical Editor, contributing to a range of highly regarded publications including the British Tax Reporter, Taxes - The Weekly Tax News, the Red & Green legislation volumes, Hardman's, International Tax Agreements and many others. She became Publishing Manager for the tax and accounting portfolio in 2001 and later went on to help run CCH Seminars (including ABG Courses and Conferences).

Sarah originally worked for the Inland Revenue in Newbury and Swindon Tax Offices, before moving out into practice in 1991. She has worked for both small and Big 5 firms. She now works as a freelance author providing technical writing services for the tax and accountancy profession.

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