In Stellar AM's previous article Tina Stone explained the basics of Inheritance Tax (IHT) and touched on how HMRC collected an eye-watering £5.4bn in 2018/19 for a voluntary tax that can be legitimately mitigated. Here, Jonathan Simmons looks at the solutions …
As a financial adviser, having a solid foundation plan is key to saving your clients' families from losing thousands of pounds in unnecessary tax. Doing nothing will result in a flat 40% tax on all assets...
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'
Lack of awareness
For smaller and medium firms
'There will be more consolidation'
Fee-based revenue fell 13%