Once considered just a tax on the rich, Inheritance Tax (IHT) is affecting more and more of us as the price of private property continues to rise. The IHT allowance for the 2008/09 tax year is £312,000 and on amounts beyond £312,000, the estate is taxed at a staggering 40% which will be paid to H M Revenue & Customs.
If you do not want H M Revenue & Customs to be one of the largest beneficiaries of your estate, then you need to take some action NOW!
IHT is a complex subject, needing the right course of action depending on your personal preferences and objectives. With planning, we could help to ensure your hard earned capital ends up with the beneficiaries of your choice and not with H M Revenue & Customs, so please contact us now.
The FSA does not regulate taxation and trust advice.
The following information booklet provides useful information on this subject:
How to save Inheritance tax - 23 Jan 2007
