Since 2010, the number of estates which have paid inheritance tax has risen from 10,000 to 40,000. That means the number of people paying IHT has quadrupled!
In the year to May 2017, the inheritance tax paid was over £5 billion!
You can mitigate or reduce your inheritance tax bill by speaking to one of our fully qualified solicitors who know some easy steps you can take to reduce your IHT bill.
The Government did introduce a new scheme earlier this year which means certain people qualify for an extra £100,000 allowance free of inheritance tax, but at 40%, the tax is almost a penalty for working and saving hard!
Our Solicitor Nicola Steadman says: ‘Inheritance tax is almost an optional tax. It can be avoided or at least reduced very easily! There are numerous (legal!) ways of avoiding inheritance tax, and I can explain these to you in a way that is easy to understand.’
Published 23 June 2017
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