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Inheritance tax (IHT) is an important consideration for anyone planning their estate, as it determines how much tax will be owed when assets are passed on after death. Understanding inheritance tax bands can help individuals plan effectively, ensuring they minimise tax liability while maximising the inheritance for their beneficiaries. This article provides an overview of…
Gifting is an effective way to reduce inheritance tax liability, but it must be done correctly to comply with HMRC rules. While some gifts are immediately exempt from tax, others may still be subject to inheritance tax if certain conditions are not met. This article explains how gifting works in inheritance tax planning, including exemptions,…
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