Advisers to estimate inheritance tax liabilities with calculator

Advisers will be able to choose from a range of options such as current IHT liabilities for clients, future liabilities based on increased asset values, and gifts already given and future gifting plans. Head of onshore bond distribution Mark Lambert said: "Advisers are seeing increasing demand for support with tax planning from clients and that increase will no doubt continue given the freeze in IHT nil rate bands and the growing number of clients becoming higher rate and additional rate taxpayers." The calculator will also offer guidance on IHT asset reliefs such as business relief a...