Friday, 12 September 2014

Estate and Inheritance Tax Planning info & downloads

It was recently reported (The Times, The Telegraph, amongst others) that growing numbers of families are being hit by inheritance tax (IHT) due to rising house prices and the recovering economy.

Treasury forecasts show that the number of people paying IHT will rise by a third this year, from around 35,000 families to 44,000 families. Tens of thousands more will be pushed over the £325,000 threshold the following year.
Inheritance tax is paid at 40% on the value of an estate over the threshold (or two thresholds, £650,000, for a couple)

The £325,000 figure had steadily risen up until 2009 and at the moment, has been frozen until at least 2018.
If you’d like to read more about how you could approach estate planning and Inheritance tax planning, please have a look at my website and/or read my guides.

Website info:

The Green Financial Guide to Trust Planning

 The Green Financial Guide to Inheritance Tax

Please remember this area of tax and law is subject to almost constant change, so please don’t take the information here, or in the guides as personalised advice.
If you’d like to consider personalised advice, please get in touch.