Skandia has launched an online inheritance tax calculator and a guide to help advisers complete IHT forms.
The calculator is designed to help advisers assess their clients’ liability to IHT by taking them through a step-by-step assessment of their assets and liabilities. It can also be used to monitor plans on an ongoing basis and assess the impact of any changes to the clients’ circumstances. The four-page guide aims to help advisers complete forms IHT100 and IHT100a, as HMRC guidance notes are over 70 pages long. The forms need to be completed where chargeable lifetime transfers exceed £10,000 in any tax year or exceed £40,000 in any ten-year period. Collin Jelley, head of tax and ...
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