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Inheritance Tax (IHT) is a significant consideration for anyone involved in estate planning in the United Kingdom. Efficiently managing or mitigating the impact of IHT is crucial for ensuring that a greater portion of your estate can be passed on to your heirs. This blog explores various strategies designed to preserve wealth by reducing IHT liabilities.
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Inheritance Tax is a levy imposed on the estate of someone who has passed away, encompassing all property, money, and possessions. This tax has far-reaching implications for estate planning, often misunderstood by many.
Popular tags: Inheritance tax, iht, inheritance tax in the uk, estate planning, inheritance tax threshold, iht allowances, iht gift allowance, annual gifting allowance, gifts out of income, potentially exempt transfers, discretionary trusts, interest in possession trusts, trusts and estate planning, joint tenancy vs. tenancy in common, joint tenancy, tenancy in common, charitable donations, inheritance tax planning, independent financial advisers, asset management
Popular tags: inheritance tax loopholes, inheritance tax, inheritance tax threshold, estate planning, iht threshold, iht, iht allowances, annual gifting allowance, gifts out of income, potentially exempt transfers, discretionary trusts, interest in possession trusts, iht planning, joint tenancy vs tenancy in common, business continuity planning, independent financial advisers, inheritance tax in the uk
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Note: This page is for information purposes only and should not be considered as financial advice. Always consult an Independent Financial Adviser for personalised financial advice tailored to your individual circumstances.