High net worth individuals should take advantage of existing inheritance tax (IHT) exemptions before...
High net worth individuals should take advantage of existing inheritance tax (IHT) exemptions before HMRC make any further changes, according to Peter Legg, head of IHT at Vantis.
Legg said: "The recent moves by HMRC to erode the UK's relatively liberal IHT regime are likely to continue. There are still opportunities for individuals to effectively mitigate their potential IHT liabilities by ensuring the basics are not overlooked. Over time these exemptions could reap healthy IHT savings."
He added these include using annual exemptions or gift allowances.
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