PJM Accountancy // Mini-Guides // Inheritance Tax Guide

 

 

Inheritance Tax Mini Guide

Read the full Inheritance Tax Mini Guide here...

 

Introduction:

 

Inheritance tax (IHT) has been described as 'voluntary' for the very wealthy (because they can afford to give wealth away during their lifetimes), but a serious problem for the merely comfortable (because they need to keep personal wealth to fund their retirement). Large numbers of 'comfortable' people are finding that increased property values mean that their estates will be liable for IHT when they die.

 

IHT is currently payable where a persons taxable estate is in excess of £325,000. Therefore, if you own a house and have some savings, life assurance policies or other assets, your estate could be liable.

 

Read the full Inheritance Tax Mini Guide here...