Inheritance Tax Planning

Inheritance tax and lifetime planning The broad aim of lifetime planning from an inheritance tax (IHT) perspective is to organise a person’s assets during their lifetime in such a way as to minimise the future IHT charge on death. This may be achieved in a number of different ways and a major part of lifetime…

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New death tax confirmed: probate fees of up to £20,000 will apply from May

The Government has ignored overwhelming opposition and pushed ahead the introduction of a dramatic rise in probate fees, taking effect from May 2017. All estates worth more than £50,000 will be forced to pay increased fees. Those between £50,000 and £300,000 will pay £300; estates worth over £1m but less than £1.6m will pay £8,000; and those…

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