Inheritance Tax — SQE1 FLK2 Wills and Administration of Estates

A son who survived his mother by five years after a large gift expects taper relief to save him a fortune, and it saves him nothing at all.
Practise this topic with exam-style questions: sqe1prep.co.uk/sqe1/wills-estates?utm_source=p…
In this episode:
• 40% on death, 36% where a tenth of the net estate goes to charity
• The nil-rate band is £325,000 and transfers between spouses
• Taper reduces the tax on a failed gift, never the gift itself
• A gift inside the band attracts no tax but still uses the band
• Business and agricultural relief share one combined allowance
Narrated by an AI voice from a script written and checked by the editors at sqe1prep.co.uk. Educational content only — not legal advice. SQE1 Prep is not affiliated with or endorsed by the SRA or Kaplan.