Jonathan Simmons: IHT reduction 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 over the nil-rate band (NRB) and residence nil-rate band (RNRB). An IHT liability does not take into account the levels of income or capital gains tax your clients have already paid throughout their life. Thankfully, there are plenty of IHT reduction solutions available. But what solutions are most suitable for your clients? Firstly, make sure your client has written their will other...