Key workers and death in active service inheritance tax exemption

The Inheritance Tax Act 1984, s 153A to s 155A contains an exemption from inheritance tax for the estates of those who die on active service or – and this is really worth tax practitioners remembering – those who die later from an injury or disease contracted while on active service. It is a gesture from a grateful nation. Clearly, it cannot bring the deceased back, but it is a small token to honour their sacrifice.

Owen Byrne, Legal Director in our wealth structuring team discusses this in an article for Taxation.

The full article is available, here.