Death duties have been with us for centuries, in the guise of Estate Duty, Capital Transfer Tax and now Inheritance Tax. Irrespective of the name used, the purpose has always and will always be the same; to raise revenue from the estates of citizens.
Once considered a tax on the truly affluent, Inheritance Tax now affects more estates than ever. Without the right advice and careful financial planning, HM Revenue & Customs could be a significant beneficiary of your estate.
Fortunately, there are many planning solutions available to help reduce the effects of Inheritance Tax, but forward planning is critical. It is better to do something sooner rather than later to ensure your heirs don’t have to face an unnecessarily large Inheritance Tax bill when you die. With careful planning and an effective Will, you can help save Inheritance Tax by making the most of the various tax reliefs and other strategies available.
Inheritance and Estate Planning Services
The value of an investment will be directly linked to the performance of the funds selected and may fall as well as rise. You may get back less than the amount invested.
