Advisers are seeing a surge in enquiries from clients as pension freedoms and rising property prices combine to drive a boom in inheritance tax (IHT) planning, a survey from Prudential has shown.
According to the research, some two-thirds (64%) of advisers say clients have changed their retirement plans as a result of the IHT reforms announced in 2015 by then-Chancellor George Osborne - a move that broadly signalled the end of the family home being taxed upon death. As a result of the changes, a married couple will be able to pass on up to £1m of assets, including the family home, to their children or grandchildren without liability from April 2020 - although the small print means it is not always that simple. Further stoking interest in IHT planning, according to almost half ...
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