With the general public remaining confused or ignorant about the issue of inheritance tax, the lot often falls to IFAs and product providers to explain or sort it out for their clients. Robert Meyer discusses the issues, and suggests a few solutions to help facilitate IHT planning
Inheritance tax (IHT) receipts will make the UK Government almost £4bn this year, according to HM Revenue and Customs, and the tax is no longer seen as a concern of just the wealthy, since middle England is now witnessing its impact following a decade of house price inflation. IHT planning is a topic about which there has been a lot of media discussion recently, both in the trade and national press. Close Investments has undertaken some research among the advisory community at its recent IHT seminars into the issues regarding IHT advice, and has uncovered some interesting findings. As y...
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