| 释义 |
excepted estate
A deceased person’s estate where the requirement for the delivery of a full inheritance tax account is dispensed with under regulations made under the Inheritance Tax Act 1984 s 256. This is the case, for example, where the deceased died domiciled in the UK and the total value of the estate is less than the inheritance tax threshold or is less than £1 million and exempt from inheritance tax because the estate passes to a surviving spouse or civil partner. |