Inheritance options

Due to increasing property prices in the UK, Inheritance Tax (IHT), which was once seen as a tax for the rich, has brought many more people into the IHT net. With the average house in London balancing on the edge of the IHT threshold, currently £275,000, finding ways to avoid this liability has become more crucial than ever. The rules surrounding IHT seem rather straightforward. IHT is payable upon death when the combined total value of someone's estate exceeds the IHT threshold. Any assets over that limit will be taxed at 40%. Although this sounds uncomplicated, many consumers do not know...