IHT mitigation: What are the options?

clock

Paul Latham discusses inheritance tax mitigation strategies

Thanks to current inheritance tax (IHT) rules, the taxman is able to lay claim to a sizeable chunk of the value of an individual’s estate when he or she dies. Unfortunately, the current state of affairs is unlikely to change any time soon. Before the 2010 General Election, the then Shadow Chancellor George Osborne pledged that he would raise the IHT nil rate band to £1 million, effectively removing an IHT burden from a further four million Britons. Sadly the government’s austerity plans have meant the pledge has been abandoned. Recently it was announced that the government plans to ke...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Estate planning

Octopus Investments unveils IHT and estate planning helpdesk

Octopus Investments unveils IHT and estate planning helpdesk

Aims to provide clarity on tax rules and the legalities of estate planning

Isabel Baxter
clock 16 September 2024 • 2 min read
Lasting power of attorney: Who guards the guardians?

Lasting power of attorney: Who guards the guardians?

'LPAs can be a real asset if used properly'

Adam Matthews
clock 23 August 2024 • 3 min read
Lessons from Succession: Unlocking generational wealth

Lessons from Succession: Unlocking generational wealth

What advisers can learn from the Roy family...

Simon Rogerson
clock 14 August 2024 • 4 min read