Inheritance Tax (IHT) has come under the spotlight over the past few years, due largely to the continued rise in house prices. These days, you don’t have to be hugely wealthy to be affected by IHT. More people than ever before are calculating the value of their estates and finding they have a greater liability to IHT than they’d first thought.
IHT can cost your estate thousands of pounds when you die; however, the good news is that expert planning can legitimately mitigate this tax, meaning you can pass on assets to your family as you’d intended.
Why not download our popular Introduction into Inheritance Tax guide to provide answers to questions our clients commonly ask to help you through the IHT maze including useful tips on:
- What’s the IHT threshold and how can I reduce my liability?
- Which gifts are IHT free
- How does the 7 year rule work?
At Tenet&You we have one goal – to help you achieve financial peace of mind. Simply put, our aim is to provide the investment advice you need and help ensure your finances are in the best possible place to match your individual circumstances and aspirations.
One thing is certain, if you feel that your estate is likely to be subject to Inheritance Tax (IHT), you should obtain in-depth professional advice that looks at all aspects of your requirements & develop a financial strategy that meets your needs.
Information is based on our current understanding of taxation legislation and regulations. Any levels and bases of, and reliefs from taxation, are subject to change. The financial conduct authority does not regulate inheritance tax planning.