This procedure may appear to be defective because of measures often taken to avoid liability for death duties
1894: Death duties
were introduced in Britan, now known as inheritance tax.
The minted moggie was ordered to pay pounds 500 in death duties
He sold his castle after his first marriage broke up in 1983 and was made bankrupt 10 years later over death duties
The most wealthy in society manipulate death duty loop holes to avoid paying any death duties
In February 2002 they gifted the property to a family trust in order to sidestep death duties
The arrangement is frequently used to minimise death duties
for children when they inherit their parents' estate.
In a three-part series, Death Duties
, which starts tomorrow, she details how she solves crimes by examining her silent witnesses.
I'm surprised the people of Wales are unaware that every penny received has already been paid by them and are only getting back what they have paid in every kind of tax, ie, income, purchase tax, VAT, business, death duties
and all kinds of tax one can think of.
Not so long ago, death duties
were taxes the very rich paid accountants a lot of money to avoid but weren't always lucky.
It often happens, therefore, that many in the racing world die with business assets in their estate - excellent tax planning, as this should achieve 100 per cent relief from death duties
(inheritance tax), but what of the administration?
TONY BLAIR is being urged to "soak the super-rich" with higher death duties
to help poor children.