IHT: Beware the lifetime gifting traps

IHT: Beware the lifetime gifting traps

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While there are ways to exploit IHT rules to some extent, traps have been laid to prevent individuals from taking advantage. Frederick Bjørn, associate at Payne Hicks Beach, explains

It is said that inheritance tax (IHT) is optional. While this is not wholly accurate, the UK does have a very favourable lifetime gifting regime, which can be taken advantage of to minimise IHT on an individual's...

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