Inheritance tax quiz: How much do you know about Britain’s 'most hated' tax?

Inheritance tax is one of the 'most hated' taxes in the UK, and a growing number of people face having to contend with it. Are you up to date with the rules?

MoneyWeek's avatar
By
published
in Features
Two younger woman sit around a dining table with an older woman who takes notes on a notepad.
(Image credit: Getty Images via Catherine Falls Commercial)

Inheritance tax (IHT) is often described as the “most hated” tax out there, but a significant number of people know very little about how it works.

Around 71% of UK adults do not understand inheritance tax, a survey by investment manager Schroders found, and it’s not hard to see why.

The tax has a number of different allowances, caveats, and thresholds that can make it an incredibly complex topic – but sooner or later most of us will have to contend with it.

Try 6 free issues of MoneyWeek today

Get unparalleled financial insight, analysis and expert opinion you can profit from.

Start your trial
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up

How well did you do in our inheritance tax quiz? Share your results on social media.

For all the latest news and analysis subscribe to MoneyWeek’s newsletters.

MoneyWeek
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.