Passing on ISAs: What advisers need to know 

While ISAs are a tax efficient way to build up wealth, they are far less efficient when it comes to passing it on. So what are the inheritance tax implications of ISAs and how can advisers help clients to mitigate them?  Inherited ISA rules  Inheritable ISA rules were introduced in April 2015, meaning an individual can inherit the value of their deceased spouse's or civil partner's ISAs, providing they died on or after 3 December 2014. Known as ‘additional permitted subscription' (APS) allowance, it is based upon the value of the ISAs at date of death and is in addition to the survi...