Back-To-Back Inheritance Tax Plan

Business, Legal & Accounting Glossary

Definition: Back-To-Back Inheritance Tax Plan


Quick Summary of Back-To-Back Inheritance Tax Plan


The combination of a life assurance policy and an annuity on the same life, the purpose of which is to reduce inheritance tax. The annuitant seeks to more than replace capital expended for the annuity by paying premiums on a life policy, the proceeds of which pass to his/her dependants on death and outside the estate.



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Back-To-Back Inheritance Tax Plan. PayrollHeaven.com. Retrieved December 04, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/back-to-back-inheritance-tax-plan/

Definition Sources


Definitions for Back-To-Back Inheritance Tax Plan are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 26th April, 2020 | 0 Views.