Inheritance Tax
Inheritance Tax was once known as the wealth tax, but today with spiralling house prices you don't have to be wealthy to be liable for Inheritance Tax (IHT).
Inheritance Tax paid by UK taxpayers over the last 10 years has nearly doubled from £1.2billion to £2.3 billon. The current threshold for IHT is £300,000 per person. |  |
Assets above this are potentially liable for 40% tax. Yet with proper financial planning, your potential IHT liability can be substantially reduced or even eliminated, ensuring your estate goes to the people you care about.
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