Inheritance Tax Mitigation
Inheritance Tax Mitigation
Inheritance Tax Mitigation
Inheritance Tax Mitigation is a complex area requiring specialist advice if you wish to make a significant reduction to your potential inheritance tax liability. The current threshold for paying inheritance tax is £325,000 although surviving spouses may be able to utilise both allowances. This tax is no longer regarded as a tax on the rich and many people with even modest assets will now find themselves caught in the dilemma of knowing that their families will face the prospect of paying punitive taxes on their property and savings. There are still some simple and effective ways of reducing the burden of inheritance tax and in some cases with careful planning, it is possible to avoid this tax altogether.