Inheritance Tax (IHT) has become a big issue for so many individuals in the UK but the vast majority of people do not realise it. The value of your estate could have grown rapidly, and at the same time the financial threshold at which IHT is payable has risen more slowly.
The result is that the benficiaries of your estate may have to pay significant amounts of inheritance tax when you die. In addition, the tax has to be paid before the estate can be distributed.
Unlike other forms of taxation, it could be argued that IHT is a voluntary tax, since the liability can be eliminated or significantly reduced by careful planning. This can result in all or the majority of your estate being left to your beneficiaries as opposed to the Treasury. AdvizerTech can provide you with the necessary professional advice.
Rules on Taxation
The rules on taxation can change. Their value will depend on your personal tax position. The information on this website is based on our understanding of current legislation and may be subject to change.
The Financial Conduct Authority does not regulate Tax & Trust or IHT PlanningFIND OUT MORE