Advisers warned 'don't be caught out' on IHT

Following the amendments to the transferable nil rate band legislation, many individuals now believe that inheritance tax planning is not something that they need to be concerned about. However, this is not the case and in fact, inheritance tax planning is still of paramount importance in many cases. The misconception is primarily because the changes made in the Finance Act 2008, introducing the transferable nil rate band legislation, do not cover all possible situations. The changes do not apply to lifetime transfers and the ability to utilise this legislation is only available to marri...