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...
Issues surrounding image rights
Residence Nil Rate Band
Also applies retrospectively to 31 Jan
Buyers can save up to £15,000
'It may take a while to square this circle'
Range from 24 to 59 years old
Directors to pay upwards of £6m
Sanlam on Demand
No need for wet signatures
Fees play a big part