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How does UK tax compare?
The UK's 40% inheritance tax rate is among the highest globally, with many countries having lower rates or no inheritance tax at all. For instance, Australia and Canada have no inheritance tax. This proposal would bring the UK's effective tax-free threshold closer to some European neighbours, but the rate itself would remain high.
Stories that explain this
Badenoch pledges to scrap inheritance tax on family homesRelated explainers
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