What does Back-to-back Inheritance Tax Plan mean?

Back-to-back Inheritance Tax Plan meaning in Finance Dictionary

The mixture of a life guarantee plan and an annuity for a passing fancy life, the goal of which can be to reduce inheritance taxation. The annuitant seeks to over change capital expended the annuity by paying premiums on a life plan, the proceeds of which pass to his/her dependants on demise and outside of the property.