Business, Legal & Accounting Glossary
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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Definitions for Back-To-Back Inheritance Tax Plan are sourced/syndicated and enhanced from:
This glossary post was last updated: 26th April, 2020 | 0 Views.