If you are planning on passing wealth on to children or grandchildren you might be asking yourself how can I pay less inheritance tax? A bit of careful planning could mean more ends up in the hands of your loved ones.
The House of Lords has published a report aimed at tackling inter-generational unfairness, and the growing gap in wealth between younger and older people in the UK.
Our adviser Jon Doyle unpacks it for you here.
In our experience, clients typically take one of two views when it comes to inheritance tax.
A question that often comes up when it comes to inheritance tax planning is how to transfer any unused nil rate band. It has been possible to transfer the unused percentage of the nil rate band from a deceased spouse or civil partner to the surviving spouse or civil partner since 9th October 2007. Whilst…