I guess there’s a nice idea behind the process. But tbh, I don’t even remember what instance I joined. I tried joining a tech instance but my application was rejected … I’m really not that interested in applying like it’s a job or something. (Though I understand lots of IRL groups have application processes)
These are the rules for normal people…
Inheritance Tax
is a tax on the estate (the property, money and possessions) of someone who’s died.
There’s normally no Inheritance Tax to pay if either:
The standard Inheritance Tax rate is 40%. It’s only charged on the part of your estate that’s above the threshold.
https://www.gov.uk/inheritance-tax
Business Relief for Inheritance Tax
What qualifies for Business Relief
You can get 100% Business Relief on:
You can get 50% Business Relief on:
You can only get relief if the deceased owned the business or asset for at least 2 years before they died.
https://www.gov.uk/business-relief-inheritance-tax/what-qualifies-for-business-relief