How well do you understand inheritance tax? - Pembroke Financial IFA's

How well do you understand inheritance tax?

Only one in four respondents to an HMRC survey completely understood how the inheritance tax (IHT) system could work for them. How would you fare? A survey by HMRC of 947 people who had made gifts in the last two years was published in May and concluded that the public have a relatively poor knowledge of inheritance tax rules and lack of confidence in what they do know. To assess knowledge of the IHT system among these donors, they were asked eight questions, which are shown below…