Advice in IHT mitigation is vital and could distinguish an advice firm's service from the competition by creating added value to clients in a changeable market, writes Julia Peake
With the receipts for inheritance tax (IHT) on the rise and impending changes to assets which will be included in the estate for IHT, advice on estate planning has never been more important. Clients could simply spend and enjoy some treats, such as a nice holiday and experiences, but if they buy assets such as cars, boats, houses, then they could be subject to IHT on death. Clients have options when it comes to reducing their taxable estate, they could gift it away, using some or all of the exempt gifts available to them. For more information on this please see Andrew Tully's article:...
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