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Roy Jenkins once famously described
Inheritance tax as a “voluntary tax!”
The reality is that this tax is very far from
being voluntary since the rise in house prices
over the past few decades means that the current
Inheritance Tax threshold of £312,000 will
inevitably affect more and more of us.
There are a whole host of ways in which we can
help you minimise the amount of IHT your family
will face. For example, it may be possible to
arrange your life insurance in such a way that
the proceeds remain outside your estate, and can
be used to meet the IHT liability arising from
other assets.
Investments
can also be set up or rearranged so that, whilst
you retain access to your money during your own
lifetime, the funds may eventually fall outside
of your estate on your death and so not be liable
for IHT. |