An Introduction

Inheritance Tax (IHT) is arguably the most criticised tax in the UK. IHT is levied on the value of a person’s estate at the time of their death. This will include a person’s property, money and possessions.

There is normally no IHT liability should the value of the deceased’s estate falls below £325,000, the current IHT allowance.

Above the allowance, the standard rate of IHT is 40%.

There are several reliefs and exemptions that can help reduce the amount of Inheritance Tax.

Our financial planners can provide advice on the reliefs and exemptions available to you, helping you reduce your IHT bill as much as possible for when you pass away. The earlier you prepare for this inevitability, the better. These plans can involve making gifts to your chosen beneficiaries at least seven years before your death, taking advantage of Business Relief, or investing part of your estate into listed share on the Alternative Investment Market (AIM). These investments would then benefit from IHT relief after being held for 2 years. Working closely with our investment arm, our financial advisers can guide you through making prudent investment choices that would then fall outside of your estate for IHT purposes.

Shares in AIM companies are likely to be high risk and volatile. Their value, and the income arising from them, may go down as well as up, and there is the possibility that investors could lose their entire investment.

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