Muddy Waters Swirl Around IHT
In late July 2021, HM Revenue & Customs (HMRC) published its annual statistics on Inheritance Tax (IHT). Here's what it said...
Inheritance Tax Advice: Where are we now?
In the 2016–17 tax year, HMRC raised a hefty £4.84bn in IHT, brought about largely by rising property prices that are seeing more and more families drawn inexorably into the tax net, despite doing nothing more than owning their own home.
How to reduce your liability to inheritance tax
Planning matters... There are several ways in which you can reduce your potential liability to IHT.