Skandia has launched two guides to IHT planning after Government data suggested the number of estates exposed to the tax has doubled.
According to HMRC data, the number of estates facing an IHT liability has more than doubled from approximately 18,000 in 1997/98 to approximately 37,000 in 2006/7. Skandia says although public concern about IHT has grown in similar proportions, knowledge and understanding may have fallen behind. Colin Jelley, head of tax and financial planning at Skandia, says: “IHT is becoming an increasingly public issue. “Clients are pro-actively seeking support and advice on IHT planning, which was not the case five years ago. “As a result there is demand for generic information on IHT, how it works...
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