While there are ways to exploit IHT rules to some extent, traps have been laid to prevent individuals from taking advantage. Frederick Bjørn, associate at Payne Hicks Beach, explains
It is said that inheritance tax (IHT) is optional. While this is not wholly accurate, the UK does have a very favourable lifetime gifting regime, which can be taken advantage of to minimise IHT on an individual's...
£300bn of liabilities
View from the front row
Transfer from occupational scheme
Appointed by FCA and PSR boards