NEWS

POSTED ON 4th October 2018 By IPW

Do you feel confident advising clients on how to best combat inheritance tax? Are you up to date with the myriad of multifaceted and complex issues pertaining to estate taxation?

In the year when inheritance tax reached record figures of £5.2 billion, an increase of 8% when compared with figures from 2015-2016, it is clear that the UK public are desperate to find practical solutions to reduce the amount owed.

HMRC data has revealed that inheritance tax has increased exponentially since 2009-2010; the most recent figures indicating that 4.2% of UK deaths were liable to pay inheritance tax, a 0.3% increase of the year previous.

Additionally, 24,500 estates paid inheritance tax in the last year at an average cost of £179,000 to the estate.

TAGGED IN: Inheritance




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