More families than ever are seeking advice on cutting their inheritance tax (IHT) bills as increasing numbers are falling into the tax net.
According to deVere United Kingdom, since the Government announced earlier this year that the threshold [assets of £325,000 or £650,000 for married couples] from which IHT is charged at 40% would be frozen until 2018, 73% of all clients are now focusing on inheritance planning. Mitch Hopkinson, head of East Midlands at deVere United Kingdom, said: "Since the Chancellor George Osborne confirmed that the IHT threshold would remain frozen, it really has become a major issue for the majority of our clients - not just the high net worth individuals for whom it was originally intended when it ...
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