IHT to hit more people but simple steps can cut costs, advisers say
Clients unaware of gifting rules
Positive market conditions coupled with the frozen nil-rate band have helped to significantly increase government inheritance tax (IHT) receipts this year but clients are still largely unaware of ways to limit liabilities, according to advisers.
Figures from HM Revenue & Customs (HMRC) showed IHT income surged by more than 20% in the first four months of the tax year with almost £2bn being taken from people's estates between April and July...
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