According to figures from Prudential, inheritance tax mainly affects the middle classes and particularly those living in the property hotspots of London and south-east England.
Simon Davis, the president of the Law Society for England and Wales, said the Society welcomed the changes, but the inheritance tax was too complicated.
General tax treaties specify remedial measures for income tax and corporate income tax doubly taxed in two countries and do not cover indirect taxes such as consumption tax and inheritance tax.
Inheritance Tax in the News- Finders International Inheritance tax makes the news frequently and two recent stories caught our attention- the death of comedian Ken Dodd and an initiative in Finland to abolish what is often perceived as a controversial levy.
In case an inheritor is a spouse of a heritage owner, a non-profit organization, a non-Thai national and resident person, or a foreign company establishing in a foreign country, the inheritor shall not levied on inheritance tax.
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