How Much Does Inheritance Tax Cost UK Residents?

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Last year, the total tax on inheritance paid amounted £4 billion from British taxpayers.

Moreover, according to the analysis of Her Majesty’s Revenue and Customs (HMRC), the total tax revenue increased up to £164 billion per year, which exceeds the total amount of the UK health service income.

Nevertheless, many people believe that the tightening of the tax system in Britain is beneficial only for rich citizens.