According to a recent report from property experts, Savills, 75% of the UK’s housing wealth is now owned by the over 50s. Small wonder, then, that the yield from Inheritance Tax is rising. What can you do to minimise the impact of IHT on your estate?
Could your loved ones’ inheritance be at risk?
If making a Will is something you keep meaning to do but haven’t got around to, we can’t stress the importance of moving it up your ‘to do’ list.
Inheritance Tax planning and reliefs
Inheritance Tax (IHT) at a rate of 40% may be charged on the estate when someone dies, unless it has been left to a spouse or civil partner. When planning to mitigate the impact of IHT, there are a number of key points and tax reliefs to bear in mind.
