Inheritance tax might be called “the voluntary tax” as there is much that you can do to reduce it or not pay it at all. Trusts can reduce an IHT bill and give you control over how your assets are used by future generations. Inheritance tax planning has become more important than ever following the Government's decision to freeze the £325,000 lifetime exemption. Inflation is eroding its value every year, dragging more families into the tax net.
Our guide explains what IHT is, and some of the ways you can reduce this tax. However, Inheritance tax planning could be very complicated and we recommend you get in touch with us for a tailor made estate planning & tax solution.
To read the full guide click on the link below: