Once you and your spouse are dead the Inland Revenue will tax your heirs at a current rate of 40% on all your estate’s assets above the prevailing Inheritance Tax Nil Rate Band. This could be the largest tax demand your children may ever face, leading to the forced sale of assets such as the family home. However, Inheritance Tax is still largely voluntary and with the right planning can be legally avoided.
We can advise you on:- Nil Rate Tax bands trusts Discounted Gift Schemes Gift Trusts and Gift & Loan Trusts Whole of Life Insurance
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Nil Rate Tax bands trusts