Time Investments has called on families to seek advice following the government's forecast that inheritance tax (IHT) receipts will increase over the coming years.
Government forecasts have suggested IHT receipts are set to increase from £5.4bn in 2018/19 to £6.9bn in 2023/24, a £1.5bn increase over the next five years. The investment firm has therefore called on families to seek advice to ensure they do not end up paying more than is necessary. Time IHT tax expert Henny Dovland offered a number of suggestions when considering intergenerational financial planning - for example, recommending investors think about how much income is required and how long it needs to last. Neil MacGillivray: IHT and gifts that keep on giving "This is a diffi...
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