Inheritance Tax Threshold

Inheritance Tax Threshold is the amount of an estate, or the total value of assets you leave behind when you pass away, that is exempt from paying inheritance tax. If your estate's value is below this threshold, no tax is due. Only the portion exceeding this threshold is taxed at the applicable rate. The threshold can vary depending on country and circumstances, and certain assets or beneficiaries may influence whether the threshold applies. Understanding this limit helps plan estates efficiently, potentially reducing or avoiding inheritance tax liabilities.