Inheritence Tax.

boswell8228 | 17:28 Tue 26th Sep 2006 | Business & Finance

2 Answers

Can anyone please tell me if an ISA is included in Inheritence Tax calculations.
Thanks.

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Dassie

The total value of the deceased's estate is taken into account no matter whether it be a combination of an ISA, House, Bank account, shares etc.

dzug

Yes it is.

It also loses its tax free status immediately after death, so the estate will have that to pay if the ISA provider doesn't deduct it.

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