Date: Thu, 16 Feb 2006 08:39:04 +1100
From: B J Foster 
Newsgroups: uk.finance
Subject: Re: Inheritance tax

Real Name wrote:

> B J Foster wrote:
> 
> 
>>No-one should be taxed twice.
> 
> 
> That is exactly how inheritance tax works
> The deceased was taxed once on what he earned and saved
> The heir is taxed once on the heritage he earned
> 

No it isn't. Inheritance tax is paid by the estate.