CA publishes guide to minimise inheritance tax

Sharply rising house prices in the past five years have left an increasing number of estates pushing the £255,000 inheritance tax threshold, which the Consumers Association is trying to address through its new guide to minimising IHT. The Which? Guide to Giving and Inheriting outlines ways, such as lifetime gifts, that can be used to minimise the risk of having to pay 40% tax on inherited assets, and also delves into CGT and income tax as part of overall IHT planning. Copies of the guide, priced £10.99, are available by calling Freephone 0800-252100, or via www.which.net