Spread the word: Minimising IHT is every adviser's duty

A good time to bury bad news?

clock • 3 min read

IHT is a 'heinous tax' but can be reduced in many and varied ways, writes Paul Wilcox. A rumoured hike in probate fees is yet another tax on wealth...

The news channels are likely to be dominated with will we or won't we get out of Europe in the coming months - and what better time for George Osborne's tendency to hit ‘soft targets' with his revenue raising efforts. We have already seen a number of ‘stealth' manoeuvres with pensions' legislation and taxation for the better off - and now, who better to tax than the wealthy deceased? They won't complain after all because their voice has been silenced by the grim reaper. Thankfully, however, George's efforts do not go unnoticed by those of us who are in the business of monitoring retir...

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 Tax Planning

More than one in five UK adults lack confidence in inheritance planning

More than one in five UK adults lack confidence in inheritance planning

Retirement planning and investments also areas where people lack confidence

Isabel Baxter
clock 20 November 2024 • 1 min read
Advisers face surge in demand as more deaths set to trigger IHT charge

Advisers face surge in demand as more deaths set to trigger IHT charge

Proportion of deaths subject to IHT will rise from 5.1% to 9.5% by 2029/30

Isabel Baxter
clock 14 November 2024 • 2 min read
Evelyn Partners CEO Geddes warns of 'stifling' CGT change impact

Evelyn Partners CEO Geddes warns of 'stifling' CGT change impact

Paul Geddes urges for caution on tax changes

Jen Frost
clock 18 October 2024 • 2 min read