Quote:
Originally Posted by Mr Scarrott
The bulk of Christine's UK estate would be taxed at 40%- anything over the value of £325,000. Obviously we can't know if there were any other tax issues outstanding at the time of her death which needed to be resolved.
Some guidance is here:
https://www.agespace.org/finance/inh...resholds-rates |
It said most of her assets were in the US, but she did have some money in the UK. I would assume to mitigate the hefty tax bill. 31 million euros is a lot lol.